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.

Mukand Limited shareholders have overwhelmingly approved all five resolutions proposed through postal ballot, as announced on March 23, 2026. The comprehensive voting process addressed key leadership appointments and strategic business transactions for the upcoming fiscal year.

Director Re-appointments Receive Strong Support

The postal ballot results demonstrate exceptional shareholder confidence in the company's leadership structure. Three special resolutions related to director appointments achieved near-unanimous approval from the voting shareholders.

Shri Niraj Bajaj (DIN: 00028261) was re-appointed as Chairman and Managing Director, with shareholders also approving his remuneration package. Similarly, Shri Nirav Bajaj (DIN: 08472468) secured re-appointment as Whole-Time Director with fixed remuneration terms.

Related Party Transactions Approved for FY 2026-27

Shareholders approved two ordinary resolutions concerning material related party transactions, though with notably different voting patterns due to regulatory requirements.

The promoter and promoter group, holding 107943650 shares, abstained from voting on these resolutions as mandated by regulatory guidelines for related party transactions. This abstention resulted in significantly lower total voting participation compared to the director appointment resolutions.

Comprehensive Voting Process Details

The postal ballot was conducted entirely through electronic voting, managed by KFin Technologies Private Limited. The voting period extended from February 20, 2026, at 09:00 a.m. to March 21, 2026, at 05:00 p.m.

Key Voting Statistics:

• Total Outstanding Shares: 144495563
• Promoter Group Holdings: 107943650 shares (74.70%)
• Public Institutional Holdings: 1887266 shares
• Public Non-Institutional Holdings: 34664647 shares

CS Anirudh Kumar Tanvar served as the appointed scrutinizer, ensuring compliance with Section 110 of the Companies Act, 2013, and related regulations. The scrutinizer's report confirmed that all resolutions were passed with the requisite majority as per regulatory requirements.

Regulatory Compliance and Transparency

The postal ballot process adhered to SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, specifically Regulation 44 requirements. The company dispatched the postal ballot notice dated February 12, 2026, electronically to all eligible shareholders on February 19, 2026.

The cut-off date for determining voting eligibility was set as February 13, 2026. All shareholders holding shares in physical or dematerialized form as of this date were entitled to participate in the voting process. The complete voting results and scrutinizer's report have been made available on the company's website at www.mukand.com and KFin Technologies' e-voting portal.