In terms of Regulation 30 read with Schedule III of the Listing Regulations, Indian Hume Pipe Company has informed that the Company has entered into Agreement for Sale with Ashoka Builders India for sale of the Company’s freehold land which was converted from leasehold land to freehold land by execution of Deed of Sale/ Conveyance situated at Azamabad Industrial Area, Azamabad, Hyderabad, Telangana admeasuring about 18,311.57 Sq. Yards equivalent to 15,310.80 Sq. Mtrs for a total sale consideration of Rs 173.96 Crores and out of that the Company has received an advance of Rs 100 Crores from Ashoka Builders India. The Company will give further update upon registration of the Sale Deed with buyer. Requisite details pursuant SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and SEBI Master Circular No. SEBI/HO/CFD/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed as Annexure - ‘A’.
The above information is a part of company’s filings submitted to BSE.
