Bombay Burmah Trading Corporation Limited — Important, 17-03-2025: General Updates

The Bombay Burmah Trading Corporation has entered into a sale deed for the remaining Phase 1 and Phase 2 lands located at Aralvaimozhi Village, Kanyakumari District, Tamil Nadu. The sale is not critical to business operations and involves a total consideration of ₹36.47 Crore. The buyers for Phase 1 are M/s. Annai Constructions, while Phase 2 is being purchased by Mrs. Suthesa Hemalatha and G. Sujitha Priyanka, none of whom are associated with the promoter or promoter group of the Corporation. This development may provide the Corporation with liquidity, potentially boosting its financial position. Investors should watch closely as this could signify a strategic shift in asset management.