Cybele Industries Completes Sale of Land Properties Worth Rs. 13.10 Crore
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.
*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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.83% | -14.59% | +52.28% | +65.73% | -12.96% | +494.52% |
16
