Bhartiya International Limited — Important, 07-04-2025: Updates

The Audit Committee has approved the sale of a property located at Gottigere Village, Bangalore, to Urbanac Projects Private Limited for ₹31 Crore. The transaction will be executed through definitive agreements, which are expected to be completed within six months from execution or within one month after the seller clears existing encumbrances. Urbanac Projects is related to the promoter group, and the deal is set to be conducted at an arm's length basis. This sale represents a strategic move that could streamline the company’s asset portfolio and provide liquidity, presenting a positive outlook for operational efficiency and potential reinvestment opportunities. Investors should monitor developments closely as the transaction progresses.