Mankind Pharma Limited — Board Meeting, 10-02-2025: Outcome of Board Meeting

The Board of Directors has approved the sale of its entire stake in Mahananda Spa and Resorts Private Limited to Chalet Hotels Limited. The transaction is valued at ₹530 crore, aimed at monetizing non-core assets to partially retire debts. Mahananda contributed ₹74.33 crore in turnover and ₹401.36 crore in net worth during the last financial year. The transaction is expected to be completed by February 28, 2025, following the execution of necessary agreements. This strategic move underscores the company's focus on enhancing financial stability.