Summary of Key Information:
Target Property: Immovable property situated at Vill. Hajipur, Tehsil Kotkasim, District Alwar, Rajasthan
Stock Exchange Listings:
NSE Scrip Code: KAMDHENU
BSE Scrip Code: 532741
Nature of Transaction / Event: Cancellation of proposed property acquisition
Date of Transaction Cancellation: 23rd May, 2026
Reason for Cancellation: Certain observations/issues were noted during the due diligence process, including comprehensive title verification, compliance checks, property inspections, and assurance regarding encumbrance-free status
Previous Intimation: Proposal was initially approved by the Board of Directors and intimated vide letter No. KL/SEC/2025-26/78 dated 13th February, 2026
Approval Requirements: The transaction was subject to requisite approval(s) and permission(s) from Bhiwadi Integrated Development Authority (BIDA) and other authorities
Future Possibility: The transaction may be reviewed by the Board of Directors later subject to clearance of due diligence report
Regulatory Context: Intimation made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Company Representative: Satish Kumar Agarwal, Chairman & Managing Director (DIN: 00005981)
Analyst Notes:
The company has formally canceled a previously announced property acquisition due to issues identified during the due diligence process. The cancellation is immediate, though the Board retains the option to reconsider the transaction if due diligence issues are resolved in the future. This represents a prudent approach to corporate governance and risk management regarding asset acquisitions.