Hindustan Organic Chemicals Limited (HOCL) submitted a regulatory disclosure to BSE Limited regarding the completion of land sale registration to BPCL.
The transaction involves the sale of 92.258 acres of land at Rasayani to BPCL for a sale consideration of approximately ₹166.14 crore. This sale is part of a larger 242-acre land parcel sale approved under the restructuring of HOCL as directed by the Ministry of Chemicals & Fertilizers, Government of India.
The government decision was communicated through letter No.P-51015/12/2017-Ch III dated 09.10.2018 from the Ministry of Chemicals & Fertilizers. Necessary shareholder approval for the sale of the 242 acres of land had been obtained prior to this transaction.
The registration for this specific 92.258-acre parcel was completed on the evening of 26th October, 2026. The disclosure specifies that TDS (Tax Deducted at Source) as applicable will be deducted from the sale proceeds.
The disclosure was signed by Subramonian H, Company Secretary & Compliance Officer of Hindustan Organic Chemicals Limited, and submitted to BSE Limited for information purposes.