Key Transaction Details

  • Asset Sold: The leasehold rights of an industrial land parcel admeasuring 12,700 Sq. Mtrs., situated at Madkai Industrial Estate, Madkai, Goa.
  • Buyer: M/s. Mangal Iron Private Limited (or its designated nominee(s)). The buyer is identified as a third party with no relation to the promoter/promoter group/group companies of Tulsyan NEC Ltd. Its Corporate Identification Number (CIN) is U27101GA1997PTC002435, and its registered office is at Plot No. E-5 and E-5-1, Madkaim Industrial Estate, Marcaim, North Goa, Ponda, Goa, India, 403404.
  • Total Consideration: ₹3.81 Crores (Rupees Three Crores Eighty-One Lakhs only).
  • Transaction Status: The company has confirmed that the entire consideration amount has been received.

Dates and Execution

  • Date of Agreement/Completion: The necessary documents and a Transfer Application for the sale were executed on November 11, 2026, which also marks the date of completion for the sale/disposal.

Regulatory and Compliance Information

  • SEBI Regulation Reference: The disclosure is made pursuant to Regulation 30 of SEBI LODR Regulations, 2015, read with Part A of Schedule III.
  • Additional Reference: The filing also references SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The required details as per this circular are provided in an enclosed Annexure-I.
  • Related Party Status: The company has explicitly stated that this transaction does not fall under the ambit of Related Party Transactions.

Financial and Operational Impact

  • The disclosure states that the asset sold did not contribute to the company's turnover, revenue, income, or net worth during the last financial year, as indicated by the "Not Applicable" response in the annexure for that particular metric.
  • The transaction is not a slump sale and is not part of any Scheme of Arrangement.

Additional Information

  • This information will be made available on the company's website at www.tulsyannec.in.
  • The letter is signed by Parvati Soni, Company Secretary & Compliance Officer for Tulsyan NEC Limited.

#Tags: #TulsyanNEC #PropertySale #SEBIRegulation30 #RegulatoryCompliance #Neutral