Alfred Herbert (India) Limited has announced the sale of a portion of its Kolkata property for ₹13.78 crores. The company disclosed this material event to BSE Limited under Regulation 30A of SEBI (LODR) Regulations 2015 on December 18.

Property Sale Details

The transaction involves the sale of the third floor of the company's property situated at 13/3, Strand Road, Kolkata-700001. The buyer is M/s. Wanhai Lines (India) Private Limited, and the sale has been executed through a definitive registered deed of conveyance.

Transaction Structure

The company has confirmed that this is a straightforward property sale transaction without any complex terms or conditions. The agreement does not include any special rights such as:

• Right to appoint directors
• First right to share subscription in case of share issuance
• Rights to restrict any change in capital structure

Alfred Herbert (India) Limited has clarified that no shares have been issued to the purchasing party as part of this transaction.

Regulatory Compliance

The company has confirmed several key aspects of the transaction for regulatory compliance:

The transaction does not fall within the category of related party transactions, and there is no existing shareholding relationship between Alfred Herbert (India) Limited and Wanhai Lines (India) Private Limited. The disclosure confirms that the buyer is not related to the promoter, promoter group, or group companies in any manner.

This property sale represents a significant asset monetization for Alfred Herbert (India) Limited, with the ₹13.78 crore consideration providing substantial value realization from the company's real estate holdings in prime Kolkata location.

Alfred Herbert (India) Limited has reported significant financial results for the quarter and six months ended September 30, 2025, marked by substantial gains from property sales and strong investment performance.

Exceptional Property Sale Boosts Profits

The company recorded exceptional items of ₹48,047.16 crore from the sale of immovable property at Whitefield, Bengaluru during the first quarter of FY2026. This strategic move has significantly bolstered the company's financial position.

Additional Property Disposal and Investment Gains

In a separate transaction, Alfred Herbert partially disposed of one investment property, generating a net profit of ₹987.17 crore. The company also reported net gains on fair value changes, including ₹85.20 crore for the quarter and ₹211.72 crore for the six-month period.

Core Business Operations

Alfred Herbert (India) Limited primarily operates in investing in immovable properties, fixed deposits, securities including equity, bonds, mutual funds, and other non-banking financial activities. This diversified investment approach has contributed to the company's robust financial performance.

Liquidity Position

The company's cash and cash equivalents saw a substantial increase, rising to ₹422.41 crore from ₹3.91 crore in the previous comparable period. This significant boost in liquidity provides the company with enhanced financial flexibility for future investments and operations.

Dividend Declaration

The Board of Directors declared and paid a final dividend of ₹5 per equity share for the year ended March 31, 2025, totaling ₹38.57 crore. This dividend payout reflects the company's commitment to delivering value to its shareholders.

Financial Results Overview

Audit Review

The financial results were approved by the Board of Directors and reviewed by statutory auditors, who provided an unmodified conclusion. This underscores the reliability and accuracy of the reported financial information.

Alfred Herbert (India) Limited's exceptional performance in Q2 FY2026, driven by strategic property sales and strong investment gains, positions the company for continued growth and value creation for its stakeholders.