Windsor Machines Limited to Sell Industrial Plots in Thane Area for Rs. 162.00 Crores
Windsor Machines Limited has announced a proposed sale of its industrial plots, including existing building structures, located in the Wagale Thane Industrial Area, Maharashtra. The transaction, which was approved by the Board of Directors on May 9, 2026, involves selling a total area of 21,912 sq. meters.The Company confirmed that it entered into a Memorandum of Understanding (MOU) on Sunday, May 10, 2026, for the proposed sale. The buyer for the industrial plots is M/s. Allerindia Developers LLP, a limited liability partnership firm.
The sale pertains to plots no. E-6 and E-6(A), located in the village of Panchpakhadi, Taluka, and District Thane, Maharashtra.
Transaction Details
The proposed sale is aimed at monetizing the asset and generating capital for the expansion of the Company's operations. Windsor Machines Limited stated that the funds realized from the disposal will be used for the expansion of the Rajkot Plant and for other general corporate purposes.The sale of the industrial plots is anticipated to be completed within a period of 6 months.
The financial parameters of the proposed transaction are detailed below:
| Parameter | Detail |
|---|---|
| Asset Location | Wagale Thane Industrial Area, Thane, Maharashtra |
| Plots Involved | E-6 and E-6(A) |
| Total Area | 21,912 sq. meters |
| Buyer | M/s. Allerindia Developers LLP |
| Agreed Consideration | Rs. 162.00 Crores (to be received in multiple tranches) |
| Sale Status | Not considered a Slump Sale |
| Timeline for Disposal | Expected 6 months |
The company noted that the asset is non-operational, meaning there was no revenue generated from the plots during the financial year ended March 31, 2026.
The sale transaction is subject to the signing of definitive agreements and the completion of all customary closing conditions.
WINDMACHIN Stock Price Movement
Windsor Machines Limited shares today slipped by 4.72%, settling at ₹305.5. The stock saw a total traded volume of 154,113 shares, indicating heavy selling throughout the session.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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