W.H. Brady and Company Limited has made a disclosure pursuant to Regulation 30 of the SEBI Listing Regulations regarding a significant property transaction.
The Office of the Collector and District Magistrate, Mumbai City has converted the company's land from leasehold to freehold status. The property is located at Brady House, 12-14, Veer Nariman Road, Fort, Mumbai 400 001 and admeasures 1012.54 square meters.
The company paid conversion charges of ₹9,76,61,234 (₹9.76 crore) to the Collector for this conversion. The property has been officially endorsed on the property card from Occupier Class II to Occupier Class I, reflecting the change from leasehold to freehold status.
The company received the endorsed property card and Survey Register on May 21, 2026, confirming the completion of the conversion process.
According to the disclosure, this conversion strengthens the company's ownership rights in the property and has enhanced the property's value. The disclosure was submitted to BSE Limited for information and records.
Financial Impact
The conversion involved a cash outflow of ₹9,76,61,234 for conversion charges. The company indicates the conversion has enhanced the property's value, though no specific valuation amount is provided.