Uni Abex Alloy Products Seals Rs 244.23 Crore Land Deal in Thane
Uni Abex Alloy Products Limited has agreed to sell 9.45 acres of land with buildings in Thane to RSVM Hospitality Private Limited for Rs 244.23 crore. The company has received an advance of Rs 48.85 crore, with the remaining balance due upon conveyance, expected by January 31, 2026. The sale represents 0.098% of the company's net worth and will not impact its business operations. The transaction was approved by the Board of Directors on October 3, 2025, and is subject to regulatory approvals.

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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.
Historical Stock Returns for Uni Abex Alloy Products
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+5.18% | -6.55% | +9.44% | +31.95% | +7.44% | +833.21% |