Cybele Industries Completes Sale of Land Properties Worth Rs. 13.10 Crore

1 min read     Updated on 25 Nov 2025, 04:32 PM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Cybele Industries Limited has sold its non-core land assets in Chinnaobalapuram Village, Tamil Nadu, to M/s. Svarjite Properties LLP for Rs 13,10,17,000. The sale agreement was executed on November 24, 2025, following shareholder approval obtained through a postal ballot in June 2024. This strategic move aligns with the company's asset management strategy and complies with regulatory requirements under the Companies Act, 2013.

powered bylight_fuzz_icon
19213341

*this image is generated using AI for illustrative purposes only.

Cybele Industries Limited , a company known for its wires and cables business, has successfully concluded the sale of its non-core land assets in Tamil Nadu for Rs 13.10 crores. The transaction, completed on November 24, 2025, marks a significant move in the company's asset management strategy.

Transaction Details

The land properties sold by Cybele Industries are located in Chinnaobalapuram Village, Tamil Nadu. The buyer, M/s. Svarjite Properties LLP, has acquired these non-core assets for a consideration of Rs 13,10,17,000 (Thirteen Crores Ten Lakhs Seventeen Thousand Only).

Timeline and Approvals

Event Date
Sale Agreement Execution November 24, 2025
Shareholder Approval June 2024

Shareholder approval was obtained through a postal ballot under Section 180(1)(a) of the Companies Act, 2013.

Key Points

  • Non-Core Asset Disposal: The sold properties were classified as non-core assets, indicating that they were not essential to the company's primary business operations.

  • Regulatory Compliance: The transaction adheres to the necessary regulatory requirements.

  • Shareholder Approval: Prior approval from shareholders was obtained through postal ballot, demonstrating transparency and adherence to corporate governance practices.

  • Value Realization: The sale amount of Rs. 13.10 crore represents a significant value realization for the company's non-core assets.

Implications

This land sale represents a strategic move by Cybele Industries to potentially streamline its asset portfolio and focus on its core business of wires and cables. The substantial amount received from the sale could provide the company with additional liquidity for future investments or operational improvements.

As the transaction involves non-core assets, it is unlikely to have a significant impact on the company's primary business operations. However, it may contribute to a more optimized balance sheet and potentially create value for shareholders.

Investors and market analysts will likely be keen to see how Cybele Industries utilizes the proceeds from this sale and whether it signals any shift in the company's long-term strategy or focus.

Historical Stock Returns for Cybele Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.80%-16.84%-0.23%+90.02%+68.04%+575.54%

Cybele Industries Reports Strong Q2 Performance, Approves Investments in Subsidiaries

1 min read     Updated on 11 Nov 2025, 05:00 AM
scanx
Reviewed by
Jubin VScanX News Team
AI Summary

Cybele Industries Limited reported a significant financial improvement for Q2 FY2026. Total income rose by 392.85% year-over-year to Rs. 1703.58 lakhs, with net profit reaching Rs. 863.17 lakhs compared to a loss in the previous year. The company's board approved investments of up to Rs. 7 crores each in its wholly-owned subsidiaries, Cybele Electronics and Cybele Electra. Additionally, Mr. V. Santhosh was appointed as Company Secretary and Compliance Officer.

powered bylight_fuzz_icon
24363006

*this image is generated using AI for illustrative purposes only.

Cybele Industries Limited , a leading player in the cable and wire manufacturing sector, has reported a significant surge in its financial performance for the quarter ended September 30, 2025. The company's board has also approved strategic investments in its wholly-owned subsidiaries.

Financial Highlights

Cybele Industries witnessed a substantial increase in its total income from operations for Q2 FY2026:

Particulars (in lakhs) Q2 FY2026 Q2 FY2025 YoY Change
Total Income 1703.58 345.66 392.85%
Net Profit After Tax 863.17 (579.30) 248.97%

The company's performance showed a remarkable improvement, with total income rising by 392.85% year-over-year. Net profit after tax reached Rs. 863.17 lakhs, compared to a loss of Rs. 579.30 lakhs in the same quarter of the previous year.

Segment-wise Performance

Cybele Industries operates in two primary segments:

  1. Cables: Revenue from this segment stood at Rs. 743.09 lakhs for Q2 FY2026.
  2. Real Estate: This segment contributed significantly with revenue of Rs. 960.49 lakhs.

Board Approvals

The Board of Directors has approved several key decisions:

  1. Investments in Subsidiaries: The company will invest up to Rs. 7 crores each in its wholly-owned subsidiaries - Cybele Electronics Private Limited and Cybele Electra Private Limited. This investment will be made through subscription to rights issues of equity shares.

  2. Appointment of Company Secretary: Mr. V. Santhosh has been appointed as the Company Secretary and Compliance Officer. Mr. Santhosh brings over five years of experience in corporate and secretarial compliance.

Subsidiary Performance

  • Cybele Electronics Private Limited, incorporated on February 24, 2024, reported a turnover of Rs. 129.18 lakhs for FY 2024-25.
  • Cybele Electra Private Limited, incorporated on February 26, 2024, reported a turnover of Rs. 135.30 lakhs for FY 2024-25.

Conclusion

Cybele Industries' strong financial performance, coupled with strategic investments in its subsidiaries, indicates the company's commitment to growth and expansion in the cable and wire manufacturing industry. The appointment of a new Company Secretary also reflects the company's focus on strengthening its corporate governance practices.

Investors and stakeholders will likely be watching closely to see how these strategic moves translate into long-term value creation for the company.

Historical Stock Returns for Cybele Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.80%-16.84%-0.23%+90.02%+68.04%+575.54%

More News on Cybele Industries

1 Year Returns:+68.04%