Date: August 24, 2026

Disinvestment / Strategic Actions

  • Nitco Limited ("the Company"), Nitco Realties Private Limited (Wholly Owned Subsidiary of the Company), and Mr. Vivek Talwar (Promoter), collectively referred to as Owners, have entered into a Memorandum of Understanding ("MOU") with M/s HOABL Impactum Land Private Limited ("HOABL") on August 24, 2026.
  • The purpose is joint development of lands situated at Alibaug, specifically all that piece and parcels of land in Thal and Lonare Villages at Alibaug Taluka, Raigad, Maharashtra.
  • The Owners have granted development rights in respect of their land to HOABL for the purpose of joint development as set out in the MOU.
  • The transaction is expected to generate consideration of approximately Rs. 1,300 Crore - 1,500 Crore over a period of five years.
  • The consideration will accrue to and be recognized in the books of Nitco Limited and Nitco Realties Private Limited over the relevant period, in accordance with the terms of the transaction and applicable accounting standards.
  • An amount of Rs. 9 Crore has been received by cheque as a Security Deposit in connection with the transaction.
  • The parties will execute definitive agreements or any other document(s) upon fulfilment of condition precedents and after obtaining requisite approvals, if any.
  • The Company will make necessary intimation to stock exchanges when the transaction for the immovable properties is fully completed.
  • HOABL Impactum Land Private Limited does not belong to the promoter/promoter group/group companies and does not fall within related party transactions.
  • The agreement does not contain special rights like right to appoint directors, first right to share subscription in case of issuance of shares, or right to restrict any change in capital structure.
  • There is no shareholding in the entity with whom the agreement is executed.

Regulation, Compliance & Legal Disclosures

  • Disclosure made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Further disclosure made pursuant to SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
  • Annexure A provides detailed disclosure as required by the SEBI circular.