Krishanveer Forge Limited has executed an Agreement for Grant of Right of Way with Hydrolines (Bangalore) Private Limited on February 27, 2026, at 03:10 PM. This transaction follows the board approval granted on February 10, 2026, for the disposal of a portion of land located in Kharabwadi, Chakan, Pune, Maharashtra.

Agreement Details

The agreement grants perpetual easementary right of access to Hydrolines (Bangalore) Private Limited on a gratuitous basis without consideration. The arrangement facilitates the grantee's access to the nearby Talegaon Chakan road through the designated land parcel.

Property Specifications

The subject property comprises a total area of 2401.99 sq. mtrs. situated at Village Kharabwadi, Taluka Khed, District Pune. The land parcel is divided across three specific areas from Gat No. 357.

Key Terms and Conditions

The agreement establishes specific rights and responsibilities for both parties. Hydrolines (Bangalore) Private Limited will be entitled to develop and construct a 12 meters wide road providing access from the main road through the easementary access road.

Grantee Rights:

• Perpetual easementary right of access
• Authority to develop and construct 12 mtrs. wide road
• Access for employees, laborers, carriers, and vehicles
• Right to maintain and repair the access road

Grantee Responsibilities:

• Construction, repair, and development of access road
• Payment of statutory fees, taxes, dues, and charges
• Costs and consequences of accidents on the access road
• Exclusive and non-transferable usage rights

Transaction Structure

The agreement confirms that Hydrolines (Bangalore) Private Limited has no shareholding relationship with Krishanveer Forge Limited. The transaction does not fall within related party transactions and involves no share issuance or board representation arrangements.

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations and provided comprehensive details as specified under the SEBI Master Circular. The agreement represents a strategic land utilization decision that provides access rights while maintaining ownership of the underlying property.

Source: None/Company/INE013J01016/2bcb25e8-ce01-4b21-a7aa-6b9d6da522f5.pdf

Krishanveer Forge Limited has disclosed comprehensive details of its land disposal agreement with Hydrolines (Bangalore) Private Limited under Regulation 30 of SEBI Listing Regulations. The Board of Directors approved the transaction on February 10, 2026, involving strategic land parcels in Maharashtra.

Land Disposal Agreement Details

The company has entered into an agreement for the sale, lease, licence, grant of easement rights, or disposal of land portions totaling approximately 2,401.99 square meters to Hydrolines (Bangalore) Private Limited. The transaction involves specific land parcels located at Village Kharabwadi, Taluka Khed, District Pune, Maharashtra.

The primary purpose of this land disposal is to facilitate Hydrolines (Bangalore) Private Limited's access to the nearby Talegaon Chakan road, enhancing connectivity for their operations.

Key Terms and Conditions

The agreement includes several significant terms that govern the transaction until the execution of the final sale deed. Hydrolines will receive an option to purchase the land at the offer price after adjusting the consideration amount already paid.

The company maintains the right to revoke the agreement at any point of time at its discretion. Hydrolines is restricted from subletting, leasing, licensing, or transferring the property to any third party before the execution of the sale deed.

Development and Usage Rights

Under the agreement terms, Hydrolines is permitted to make specific improvements to the land parcel. The company can erect a gate at the entrance point for security purposes and is allowed to improve or develop the land parcel for access way purposes at their own cost.

Hydrolines bears full responsibility for any mishap, accident, loss, or damage arising from the use of the premises or during development work execution. The existing outer stone wall must be kept intact, and fencing is restricted to the designated internal area only.

Regulatory Compliance and Related Party Status

The transaction does not constitute a related party transaction, as confirmed in the regulatory disclosure. Krishanveer Forge holds no shareholding in Hydrolines (Bangalore) Private Limited, and the parties are not related to the promoter, promoter group, or group companies.

The ownership and all rights related to the land portion will transfer to Hydrolines only upon execution of the sale deed, transfer deed, or conveyance document. The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.