Mukand Ltd executes BTA for transfer of machinery through slump sale

Mukand Limited ("Mukand" or "Company") and Mukand Heavy Engineering Limited ("MHEL" or "Transferee Company"), a wholly owned subsidiary of Company has executed a Business Transfer Agreement ("BTA") on October 18, 2025, for transfer of part of Industrial Machinery Business namely designing, manufacturing, erecting and commissioning EOT Cranes, other materials handling and process plant equipment activities ("Transferred Business") from the Company to MHEL via slump sale on a going concern basis on such terms and conditions as mentioned in the BTA.

The Slump Sale including, proposes to provide focused attention on the Transferred Business, enhanced growth opportunities, unlocking growth potentials and synergies in operational process leading to economies of scale and maximizing the stakeholder's value.

MHEL will issue its equity shares to the Company at fair value on Closing Date, as per applicable laws.

Shares of Mukand Limited was last trading in BSE at Rs. 128.70 as compared to the previous close of Rs. 130.35. The total number of shares traded during the day was 3161 in over 78 trades.

The stock hit an intraday high of Rs. 129.90 and intraday low of 128.45. The net turnover during the day was Rs. 408005.00.

Source : Equity Bulls

Keywords

Mukand INE304A01026 MukandHeavyEngineering BTA SlumpSale