Tulsyan NEC Limited has successfully completed a significant land sale transaction, disposing of its Chennai property for ₹2.33 crores. The company announced the completion of the sale and registration of the agreement on December 18, 2025, in compliance with SEBI listing regulations.

Transaction Details

The land sale encompasses a substantial property measuring 638 square meters (6,867 square feet) located at Plot No. B-76 in the Iron and Steel Market Complex. The property is situated in Survey No. 3/1A1A3-part, Block No. 3, Ward No. D, T.S. No. 6 of Sathangadu Village, Thiruvottriyur Town, Thiruvottriyur Taluk, Chennai District.

Buyer Information

The purchaser of the property is Sekar Steel Syndicate, a proprietary concern with its office located at No. C-150, CMDA Sathangadu Steel Yard, Sathangadu, Manali, Chennai-600068, Tamil Nadu. The company has confirmed that the buyer is a third-party entity and does not belong to the promoter group, promoter companies, or group companies, ensuring the transaction maintains arm's length principles.

Regulatory Compliance

Tulsyan NEC Limited has fulfilled all requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that:

• The transaction does not fall under the ambit of Related Party Transactions
• The sale is not part of any Scheme of Arrangement
• The transaction does not involve any slump sale arrangements
• All necessary documents and agreements have been executed in favor of the buyer

Financial Impact

The company has received the entire consideration amount of ₹2,33,47,800 (Rupees Two Crore Thirty-Three Lakhs Forty-Seven Thousand and Eight Hundred only). The transaction represents a complete disposal of the land asset, with all registration formalities completed as per legal requirements.

The sale aligns with the company's asset optimization strategy and provides immediate liquidity. All transaction details have been made available on the company's website at www.tulsyannec.in for stakeholder reference.

Tulsyan NEC Limited , a multi-segment operator in the steel, synthetic, and power sectors, has released its financial results for the second quarter, revealing a mixed performance with increased revenue but widened losses.

Financial Highlights

Key Takeaways

• Revenue Growth: The company witnessed a significant year-on-year increase in revenue from operations, rising from ₹1,805.20 crore to ₹2,447.29 crore, marking a 35.57% growth.

• Widened Losses: Despite the revenue growth, Tulsyan NEC reported a net loss of ₹692.85 lakhs for Q2, compared to a loss of ₹476.61 lakhs in the same quarter last year, representing a 45.37% increase in losses.

• Rising Finance Costs: A notable surge in finance costs was observed, more than doubling from ₹849.02 lakhs to ₹1,736.67 lakhs year-on-year, which likely contributed to the expanded loss.

Half-Year Performance

For the six-month period ending September 30, the company's financial position showed further strain:

• The net loss for H1 widened to ₹1,693.20 lakhs, a significant increase from the ₹437.33 lakhs loss reported in the corresponding period of the previous year.

Corporate Governance

The Board of Directors of Tulsyan NEC Limited convened on November 12 to approve these unaudited financial results. The meeting, which began at 12:00 noon and concluded at 3:05 pm, also included a review by the Audit Committee, adhering to Indian Accounting Standards (IND-AS) and regulatory requirements.

Segment Operations

Tulsyan NEC operates through three primary business segments:

1. Steel Division
2. Synthetic Division
3. Power Division

While segment-wise performance details were not provided in the released data, the diverse operations of the company across these sectors underscore its integrated business model.

Conclusion

Tulsyan NEC's Q2 results present a complex financial picture. While the company has achieved substantial revenue growth, the widening losses and escalating finance costs pose challenges. Investors and stakeholders may look for management insights on strategies to improve profitability and manage financial expenses in the coming quarters.

The full unaudited financial results and limited review reports are available on the company's website at www.tulsyannec.in , providing additional details for interested parties.