Modi Rubber Limited Sells Six Bangalore Office Units for ₹3.47 Crores
Modi Rubber Limited has successfully completed the sale of six office units at Barton Centre, Bangalore for ₹3.47 crores to Nawka Granites Private Limited. The Board of Directors approved this asset disposal on January 21st, 2026, with the buyer bearing all associated taxes and fees. This non-related party transaction demonstrates the company's strategic asset management approach while maintaining full regulatory compliance.
*this image is generated using AI for illustrative purposes only.
Modi Rubber Limited has announced the sale of six office units at Barton Centre, Bangalore for ₹3.47 crores. The Board of Directors unanimously approved this strategic asset disposal through a circular resolution on January 21st, 2026.
Transaction Details
The sale involves six office units situated at the prestigious Barton Centre on M.G. Road, Bangalore. The company has entered into an agreement with Nawka Granites Private Limited for the disposal of these commercial properties.
| Parameter: | Details |
|---|---|
| Units Sold: | 1003, 1004, 1005, 1006, 1007, 1008 |
| Location: | Barton Centre, M.G. Road, Bangalore |
| Sale Consideration: | ₹3.47 crores |
| Buyer: | Nawka Granites Private Limited |
| Buyer Address: | 809 Barton Centre, 84 M.G. Road, Bangalore 560001 |
Financial Terms and Conditions
The total sale consideration amounts to ₹3.47 crores (Indian Rupees Three Crores Forty Seven Lacs only). As part of the agreement terms, all applicable stamp duty, registration fees, and taxes will be borne by the buyer, Nawka Granites Private Limited.
Regulatory Compliance
The transaction has been disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this is not a related party transaction, as the buyer has no shareholding in Modi Rubber Limited and is not connected to the promoter group.
| Compliance Aspect: | Status |
|---|---|
| Related Party Transaction: | No |
| Buyer's Relationship to Company: | None - Unrelated third party |
| Arms Length Transaction: | Not applicable |
| Special Rights Granted: | None |
Corporate Governance
The sale was approved through a circular resolution by the Board of Directors, demonstrating efficient decision-making processes. Company Secretary SK Bajpai signed the disclosure documents, ensuring proper regulatory compliance and transparency with stock exchanges including BSE (Scrip Code: 532432) and NSE (Scrip Code: UNITDSPR).
Historical Stock Returns for Modi Rubber
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | +0.20% | -4.11% | +0.82% | -6.59% | +35.72% |
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