The Bombay Burmah Trading Corporation Ltd. Announces Sale of Tea Plantations
The Bombay Burmah Trading Corporation Limited announced on March 26, 2026, that its Board of Directors approved the sale of Tea Plantations (Dunsandle Estate) located in Village Sholur, Taluka Udhagamandalam, District Nilgiris, subject to approvals from relevant authorities.The board meeting commenced at 2:15 P.M. and concluded at 2:50 P.M.
Financial Details of the Division
According to the company, the division contributed Rs. 5.65 crore (2.05%) to the company’s turnover and Rs. 7.10 crore (3.76%) to its net worth during the last financial year.
Transaction Details
Definitive agreements for the sale are expected to be executed at a later date. The expected completion date and consideration will be determined upon mutual agreement between the parties. No consideration has been received as of the announcement date.
Buyer Information
The buyers are:
- Mr. Rangasamy s/o. Kanthasamy Gounder
- Mrs. Rathinambal, W/o. Rangasamy
- Mr. Durai Arun, S/o. Rangasamy
- Mr. Saran S/o. Rangasamy
- Poomex Clothing Company
The buyer does not belong to the Promoter or Promoter group of the Company or any group companies. The transaction does not constitute a related party transaction.
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