TeleCanor Global Ltd Approves Revised Land Asset Valuation Following Board Review
TeleCanor Global Limited, during a board meeting held on July 11, 2026, reviewed critical aspects of its operations and assets, including providing an update on labor relations and approving a revised valuation report for the company's land holdings. The outcome confirmed the adoption of new values reflecting specific operational constraints.Board Meeting Outcomes and Land Asset Valuation
The Board meeting addressed several key matters, notably reviewing the status of the workforce and approving a necessary revision to the valuation of the Company’s vacant land assets.
The Board specifically considered the revised valuation report for the company's land assets. This decision followed discussions from a previous board meeting held on June 29, 2026. The review noted that the corrected valuation report had been prepared after duly considering survey numbers included in the prohibited list notified by the Government of Andhra Pradesh.
The Board pointed out an inadvertent error present in the earlier valuation report dated December 9, 2025, which failed to account for these specified prohibited survey numbers.
The Company approved the adoption of values reflected in the revised valuation report, stating that the final adopted value would be the lower figure between the acquisition value or the calculated market rate of the respective assets, for all relevant purposes. Furthermore, the Board resolved that the original valuation report dated December 9, 2025, would stand withdrawn and should not be relied upon henceforth.
Land Valuation Details Confirmed
The valuation assigned to the property was conducted based on documents provided by Sri Praturi Maruthi Ram. During a site inspection, it was observed that the land parcels under consideration did not appear to be contiguous or adjoining sites, and the subject property appeared to be in the nature of salt pans and/or fishery ponds and other lands.
The valuation details for the entire site are summarized below:
| Metric | Details |
|---|---|
| Site Area | 38.91 Acres (157463.32 Sqm) |
| Valuation Range (Prevailing Market Rate) | Rs. 12,00,000/- to Rs. 15,00,000/- Per Acre |
| Assessed / Adopted Rate of Valuation | Rs. 12,00,000.00 per Acre |
| Estimated Value of Land (38.91 Acres) | Rs. 4,66,92,000.00 |
The valuation confirms that the land parcels, which include those located in Marripalem village and S.No.326/6 Rajala Agraharam village, are subject to being on a prohibited list, a factor noted during the assessment.
Update on Labor Situation
In addition to the asset review, the Board reviewed the status of labor unrest at the Company's operations. Management informed the Board that most differences with the workforce have been resolved through discussions. The remaining issues are expected to be settled by the end of the current month, and the Board expressed confidence that normal business operations are expected to resume afterward.
Stock Price Movement
TeleCanor Global Ltd settled at ₹23.98 on Friday, sinking by 4.99% in the market. The shares traded through an intraday range that stretched from a low of ₹23.98 up to a high of ₹25.99.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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