Nexxus Petro Industries Limited has completed the sale of a land parcel in Rajasthan for ₹17.17 crore, marking a strategic move to monetize non-core assets. The Board of Directors approved this transaction on March 30, 2026, during a meeting that commenced at 10:00 a.m. and concluded at 12:30 p.m.

Transaction Details

The company has sold a land parcel measuring 3.99 acres situated at Khasra No. 555/36 Village Gajangadh, Kharda Pali Rajasthan. The agreement for sale has been executed and registered on March 30, 2026 with the Department of the Sub-Registrar, Land Revenue Records.

Buyer Information

The land has been sold to two individual buyers who are not related to the company's promoter group. The buyers are Mr. Deepak Mahajan, son of Mr. Surendra Mahajan, aged 41 years, residing at 18-E-132, Chopasni Housing Board, Main Road, Jodhpur, Rajasthan, and Mr. Abhishek Agnihotri, son of Mr. Krishna Kant Agnihotri, aged 41 years, residing at Plot No. 25, UIT Quarter, Shambhuwata Ki Dhani, Pal Road, Jodhpur, Rajasthan. This ensures the transaction does not fall under related party transactions.

Financial Impact and Strategic Rationale

The sale represents a strategic decision to dispose of a non-operational asset. During the last financial year, the company's total turnover was ₹305.04 crore, with the undertaking contributing ₹51.75 crore, constituting approximately 16.97% of total turnover. The company's total net worth stands at ₹32.26 crore as per the latest audited financial statements.

Regulatory Compliance

The transaction has been structured in compliance with SEBI regulations under Regulation 30 of SEBI LODR and does not constitute substantially the whole of the undertaking under Section 180(1)(a) of the Companies Act, 2013. The sale is not expected to impact the company's operations, as the undertaking was used during financial year 2024-25 but is no longer part of ongoing business operations.

Key compliance aspects include:

• Full disclosure under Regulation 30 of SEBI LODR
• No related party transaction implications
• No impact on existing operations
• Proper authorization and execution through designated representative
• Registration with Sub-Registrar as per applicable laws

Strategic Outlook

The company has positioned this sale as a value-unlocking exercise for a non-core, non-performing asset. The undertaking is currently not operational and is not envisaged to be utilized in the present or foreseeable future. The transaction completion occurred on March 30, 2026, upon execution and registration of the Sale Deed with the office of the Sub-Registrar in accordance with applicable laws. The sale allows the company to monetize the asset without any material impact on its existing operations.

Nexxus Petro Industries Limited, a manufacturer and trader of bitumen and similar products, has reported a significant increase in its financial performance for the half-year ended September 30, 2025. The company's unaudited financial results, approved by the Board of Directors on November 12, 2025, showcase substantial growth in both revenue and profitability.

Financial Highlights

All financial figures in Rs crore, except EPS in Rs

Key Takeaways

1. Revenue Growth: Nexxus Petro Industries has witnessed a robust 62% year-over-year increase in revenue from operations, reaching Rs 141.18 crore compared to Rs 87.21 crore in the same period last year.

2. Profitability Improvement: The company's net profit after tax saw a significant rise of 52.3%, increasing from Rs 1.33 crore to Rs 2.03 crore.

3. Earnings Per Share: Basic and diluted earnings per share improved to Rs 2.92, up from Rs 2.62 in the previous year, representing an 11.5% increase.

Auditor's Review

The financial results have undergone a limited review by the company's independent auditors, Keyur Shah & Associates. According to the auditor's report:

• The review was conducted in accordance with the Standard on Review Engagement (SRE) 2410.
• No material misstatements were found in the unaudited financial results.
• The financial results comply with the applicable accounting standards and SEBI regulations.

Company Overview

Nexxus Petro Industries Limited specializes in the manufacturing and trading of bitumen and related products. The significant growth in revenue and profitability may indicate strong demand for the company's products or successful expansion of its operations.

As the company continues to show positive financial trends, investors and market watchers may keep a close eye on its future performance and growth strategies in the bitumen and petrochemical sectors.