Uni Abex Alloy Products has disclosed the compulsory acquisition of its remaining Thane land parcel by the Mumbai Metropolitan Region Development Authority (MMRDA) for a major infrastructure project. The company filed this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Land Acquisition Details

The MMRDA has compulsorily acquired 2,520 sq mtrs of the company's Thane land located at survey no. 321/1, Mouje Majiwade, Taluka and Sub-District Thane. This acquisition is specifically for the Thane (Tikuji ni wadi) Borivali underground tunnel project, a significant infrastructure development in the Mumbai Metropolitan Region.

Compensation and Legal Framework

The company will receive approximately Rs. 22.32 crores as compensation under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. However, Uni Abex Alloy Products has indicated its intention to contest the compensation amount with the competent authority, specifically challenging the valuation methodology adopted by MMRDA.

Financial Impact Assessment

According to the regulatory disclosure, this land acquisition has minimal impact on the company's overall financial position:

Transaction Characteristics

The acquisition does not constitute a related party transaction, as MMRDA is not connected to the company's promoters, promoter group, or group companies. The transaction falls outside any scheme of arrangement and does not attract the provisions of Regulation 37A of SEBI LODR regulations, as it does not constitute an undertaking or substantially the whole undertaking of the company under Section 180(1)(a) of the Companies Act 2013.

This development represents the final disposition of the company's Thane land holdings, following earlier communications regarding the sale of other portions of the property. The company has made this information available on its website at www.uniabex.com for stakeholder reference.

Uni Abex Alloy Products Limited has successfully completed a significant land sale transaction in Thane, receiving the entire sale proceeds of Rs. 257.88 crore from the buyer R SVM Hospitality Private Limited. The company announced this development through a regulatory filing dated 21st February, 2026, updating stakeholders on the completion of the asset disposal process.

Transaction Details and Financial Components

The land sale transaction was formalized through the execution of a conveyance deed between the company and R SVM Hospitality Private Limited. The total consideration structure reflects multiple payment phases and additional area considerations.

The additional amount of Rs. 13.65 crore was specifically allocated towards an extra area of 2,008 square meters that was over and above the area originally mentioned in the Agreement for Sale signed in October 2025.

Land Holdings Post-Transaction

Following the completion of this substantial land sale, Uni Abex Alloy Products Limited's land holdings in Thane have been significantly reduced. The company now retains only a marginal area of 2,520 square meters of the original Thane land parcel.

Regulatory Compliance and Timeline

The company has maintained transparency throughout the transaction process, referencing earlier correspondence dated 3rd October, 2025 and 31st January, 2026. The latest update was filed under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring compliance with mandatory disclosure requirements for material events.

Corporate Communication

The regulatory filing was signed by Bhautesh Shah, Company Secretary & Compliance Officer, and has been made available on the company's official website at www.uniabex.com for stakeholder access and transparency.