Pharmaids Pharmaceuticals Limited has sold immovable properties

Pharmaids Pharmaceuticals Limited has registered the sale deed for the immovable property/ies, for sale of below mentioned immovable property/ies, in particular the pieces and parcels of land ("the land parcels");

- Land admeasuring 4040.00 sq. mtrs situated at Plot No 47-P2 of Hirehalli Industrial Area, situated in Sy. No. Parts 52 and 53 of Manchkalkuppe Village, Uradegere Hobli, Tumkur Taluk and District.

- Land admeasuring 5901 Sq.Mtrs situated at Plot No.47 of Sy.No.53, situated at Manchakalkuppe Village, Urdagere Hobli, Tumkur Taluk, Tumkur District.

- Land admeasuring 4034.00 Sq. mts. (approx.) situated at plot No. 46 of Hirehalli Industrial Area, situated in Sy. No. parts of 52 and 53 of Manchakalkuppe Village, Urdagere Hobli, Tumkur Taluk, Tumkur District.

The proposal to sell the said land was approved by the Board of Directors earlier at its meeting held on February 12, 2025, as duly mentioned in our intimation about outcome of the said meeting of the Board by passing an enabling resolution to sell the land parcels.

The consideration received from the above sale is Rs. 19.56 Crores (Rupees Nineteen Crores Fifty Six Lakhs Only)

As no business operations of the Company are carried out on the said land parcels being sold, the said sale will not have any impact on the business operations of the Company.

Shares of PHARMAIDS PHARMACEUTICALS LTD. was last trading in BSE at Rs. 61.75 as compared to the previous close of Rs. 62.18. The total number of shares traded during the day was 1924 in over 40 trades.

The stock hit an intraday high of Rs. 62.98 and intraday low of 58.40. The net turnover during the day was Rs. 115577.00.

Source : Equity Bulls

Keywords

PHARMAIDSPHARMACEUTICALS INE117D01018 Sale ImmovableProperties