The Indian Card Clothing Company Limited has sold a commercial property in Baner, Pune for ₹13.20 crore, generating capital through the divestment of real estate assets. The company executed a Deed of Assignment on July 3, 2026, transferring ownership of the unit to M/s. Balaji Constro Realtech LLP. The transaction was registered with the office of the concerned Sub-Registrar on the same day.

The divested asset is a commercial unit bearing No. B-801 in the building "Amar Business Zone", situated at S. No. 87/1A, Plot No. 1, Survey No. 87 (Part), Village Baner, Taluka Haveli, District Pune, Maharashtra. The property has an aggregate built-up area of approximately 9,600 sq. ft. The sale consideration was fixed at ₹13,20,00,000, based on terms mutually agreed upon between the company and the buyer.

The disclosure was made to the exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the buyer, M/s. Balaji Constro Realtech LLP, is a third-party entity and does not belong to the Promoter, Promoter Group, or Group Companies. Consequently, the transaction does not fall under the ambit of a Related Party Transaction.

The filing further clarified that none of the Promoters, Directors, Key Managerial Personnel, or their relatives hold any direct or indirect interest in the aforementioned sale transaction. The company stated that the sale was an arm's length transaction with an independent party.

Transaction Details

Multi-Act Trade and Investments Private Limited, a promoter of Indian Card Clothing Company Limited , has confirmed that its shareholding in the company is free from encumbrances as of March 31, 2026. The disclosure, submitted to the stock exchanges, addresses the status of securities held by the promoter group during the financial year 2025-26.

The promoter holds 100 equity shares, which constitutes 0.002% of the paid-up share capital of Indian Card Clothing Company Limited. In a declaration filed under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Multi-Act Trade and Investments Private Limited stated that neither it nor any persons acting in concert with it has made any encumbrance, directly or indirectly, on the said securities.

The declaration specifies that no new encumbrances have been created other than those already disclosed during the financial year. The filing was signed by Sekar Ramasubramanian, Company Secretary of Multi-Act Trade and Investments Private Limited, and addressed to the Executive Directors of BSE Limited and National Stock Exchange of India Limited.

Shareholding Details

The submission requests the exchanges to take the declaration on record. A copy of the communication was also marked to the Company Secretary of Indian Card Clothing Company Limited.