Uni Abex Alloy Products has made a significant move in the real estate market, signing an agreement to sell its land in Thane for a substantial sum of ₹244.23 crore. This strategic decision marks a notable development for the company and potentially its financial position.

Key Details of the Land Sale Agreement

The agreement, which involves the company's land holdings in Thane, a major city in Maharashtra, India, represents a significant transaction in the local real estate market. The substantial value of the deal suggests that the land is likely in a prime location or of considerable size.

Timeline and Implications

The transaction is not immediate, with the expected completion date set for January 31, 2026. This extended timeline could be due to various factors, including regulatory approvals, payment schedules, or specific conditions outlined in the agreement.

For Uni Abex Alloy Products, this deal could have several implications:

1. Financial Impact: The sale, once completed, is likely to significantly boost the company's cash reserves, potentially providing capital for core business investments or debt reduction.

2. Strategic Shift: The decision to sell this land asset might indicate a strategic realignment, possibly focusing more on their core alloy products business.

3. Long-term Planning: The extended completion timeline until 2026 suggests a carefully planned, long-term financial strategy by the company management.

Investors and market watchers will likely keep a close eye on how Uni Abex Alloy Products plans to utilize the proceeds from this substantial land sale, and how it might impact the company's future financial statements and business operations.

As more details emerge about this significant real estate transaction, it will be interesting to see how it fits into Uni Abex Alloy Products' broader business strategy and its potential impact on the company's market position in the alloy products sector.

Uni Abex Alloy Products Limited has entered into an agreement to sell its land in Thane for Rs 244.23 crore. The buyer, RSVM Hospitality Private Limited, is set to acquire 9.45 acres of land with buildings from the alloy products manufacturer.

Deal Specifics

The land is located at survey numbers 318/3, 319/3, 320, and 321/1 in Mouje Majiwade, Taluka and Sub-District Thane. Uni Abex Alloy Products has received an advance payment of Rs 48.85 crore upon signing. The remaining balance is due upon conveyance, expected to be completed by January 31, 2026, subject to necessary regulatory approvals.

Financial Impact

According to the company's disclosure, the land sale represents 0.098% of Uni Abex Alloy Products' net worth. The company has assured stakeholders that this transaction will not impact its business operations and does not constitute a substantial part of the company's undertaking.

Transaction Details

The Board of Directors of Uni Abex Alloy Products Limited approved the sale during a meeting held on October 3, 2025. Key points of the transaction include:

• Total transaction value: Rs 244.23 crore (subject to applicable taxes)
• Advance payment: Rs 48.85 crore (gross, subject to applicable taxes)
• Buyer: RSVM Hospitality Private Limited (not related to the promoter, promoter group, or any group companies of Uni Abex Alloy Products)
• Not a related party transaction
• Not part of a scheme of arrangement
• Does not attract the terms of Regulation 37A of SEBI LODR regulations

Regulatory Compliance

Uni Abex Alloy Products has stated that the sale does not constitute an undertaking or substantially the whole of the undertaking of the company in terms of section 180(1)(a) of the Companies Act, 2013. The company has informed the BSE Limited about this development, in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

This transaction marks a notable development for both Uni Abex Alloy Products Limited and the local property market in Thane.