Talbros Engineering buys Pithampur plant for ₹25 crore

Talbros Engineering Limited has purchased a new industrial premises in Pithampur, Madhya Pradesh, for ₹25 crore to facilitate future expansion and the development of new projects. The company acquired a property measuring 40,000 sq. mtrs. at Plot No. 70-B, Sector – 3, Industrial Growth Center, Dhar. This strategic acquisition is intended to bolster the company's manufacturing capabilities and infrastructure.

The purchase agreement was executed with M/s Lakhani Rubber Products Private Limited. The disclosure confirms that the seller does not belong to the promoter, promoter group, or group companies of Talbros Engineering Limited. Consequently, the transaction does not qualify as a related party transaction.

The company stated that updates regarding the commencement of commercial production or operations at the new facility will be communicated separately once activities begin. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details

The following table outlines the key particulars of the purchase agreement:

S. No.	Particulars	Details
1.	Parties to the agreement	M/s Lakhani Rubber Products Private Limited
2.	Purpose	Purchase of industrial premises for expansion and new projects
3.	Size of Agreement	₹25,00,00,000 (Rupees Twenty-Five Crores Only)
4.	Shareholding in seller entity	Not Applicable
5.	Significant terms	Not Applicable
6.	Relationship with promoter group	The seller does not belong to the promoter/promoter group/group companies
7.	Related party transaction	No

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.36%	+0.31%	-1.02%	+17.94%	+19.33%	+172.94%

Talbros Engineering Limited has acquired a 40,000 sq. ft. industrial premises in Pithampur, Madhya Pradesh, for a total consideration of ₹25 crore. The facility is located at Plot No. 70-B, Sector – 3, Industrial Growth Centre, and was purchased from M/s Lakhani Rubber Products Private Limited, the registered lessee of the property. The acquisition is aimed at supporting future expansion and the development of new projects. The transaction was conducted at arm's length and does not constitute a related party transaction.

Transaction Overview

The formal agreement to sell was executed between Talbros Engineering Limited and M/s Lakhani Rubber Products Private Limited. The seller does not belong to the promoter, promoter group, or group companies of the buyer. The key details of the transaction are outlined below:

Parameter:	Details
Seller:	M/s Lakhani Rubber Products Private Limited
Purpose:	Purchase of industrial premises for expansion and new projects
Facility Size:	40,000 sq. ft.
Location:	Plot No. 70-B, Sector – 3, Industrial Growth Centre, Pithampur, Madhya Pradesh
Transaction Value:	₹25 crore
Shareholding in Seller:	Not Applicable
Significant Terms:	Not Applicable
Seller's Relationship with Promoter:	Not part of promoter/promoter group/group companies
Related Party Transaction:	No

Regulatory Compliance

Talbros Engineering stated that any updates regarding the commencement of commercial production or operations related to any unit or division will be communicated separately once those activities begin. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information is also available on the company's website.