Mukand Limited has successfully completed the slump sale of its Industrial Machinery Business to its wholly owned subsidiary Mukand Heavy Engineering Limited (MHEL) for Rs 45.78 crores. The transaction represents a strategic restructuring of the company's operations, transferring specialized manufacturing capabilities to a dedicated subsidiary.

Transaction Details

The slump sale was completed on March 31, 2026, following the Business Transfer Agreement dated October 18, 2025. The transaction involved the transfer of specific industrial machinery operations on a going concern basis.

Business Scope

The transferred business encompasses several key industrial activities:

• Designing of EOT Cranes and materials handling equipment
• Manufacturing of process plant equipment
• Erecting and commissioning services
• Other materials handling equipment activities

These operations form a comprehensive suite of industrial machinery services that will now operate under MHEL's dedicated management structure.

Regulatory Compliance

Mukand Limited has fulfilled all regulatory disclosure requirements under SEBI regulations. The company had previously intimated the stock exchanges about this transaction on May 16, 2025, and October 18, 2025, ensuring complete transparency throughout the process.

The transaction complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the guidelines specified in the SEBI Master Circular dated January 30, 2026.

Strategic Implications

This internal restructuring allows Mukand Limited to optimize its business operations by consolidating industrial machinery activities under a specialized subsidiary. The transaction maintains operational continuity while potentially enhancing focus and efficiency in the transferred business segment.

The completion of this slump sale marks a significant milestone in Mukand's organizational restructuring, with MHEL now positioned as the dedicated entity for industrial machinery operations within the group structure.

Mukand has successfully executed conveyance deeds for the strategic sale of land parcels at Dighe to AGP DC Infra Private Limited. The transaction, completed on March 27, 2026, represents a significant asset monetisation initiative designed to unlock value from the company's non-core land holdings without impacting operational activities.

Transaction Execution and Structure

The company has executed two separate conveyance deeds covering different land parcels at village Dighe. The transaction structure involves immediate payment receipt with a balance amount pending regulatory approvals for additional land parcels.

Land Parcel Details

The executed conveyance deeds cover two distinct land components at village Dighe. The first deed involves a 50% undivided share in land parcels measuring approximately 9,871 sq. mtrs (2.44 acres) for ₹43.98 crore. The second deed covers land parcels measuring approximately 57,386 sq. mtrs (14.18 acres) for ₹511.37 crore.

Pending Transaction Component

The sale of balance land measuring approximately 12,437.38 sq. mtrs (3.07 acres) at village Kalwa, along with perpetual non-exclusive right of way over 639.35 sq. mtrs (0.16 acres), remains pending. This component, valued at ₹110.83 crore, awaits completion following receipt of appropriate subdivision orders from concerned authorities.

Operational and Regulatory Compliance

Mukand has confirmed that the land sale will have no impact on company operations. The transaction does not constitute disposal of undertaking or substantially the whole undertaking under section 180(1)(a) of the Companies Act, 2013. The purchaser, AGP DC Infra Private Limited, does not belong to the promoter or promoter group, ensuring the transaction remains outside related party transaction scope.

Strategic Asset Monetisation

The Dighe land sale demonstrates Mukand's focused approach to optimising its asset portfolio by converting non-operational real estate into liquid financial resources. Upon completion of the pending Kalwa land transfer, the company will have transferred a total of approximately 17.25 acres across villages Dighe and Kalwa, generating substantial liquidity while preserving operational capabilities.