Brady & Morris Engineering Company Ltd — Updates, 17-04-2025: Company Update

Brady & Morris Engineering Company Ltd. has executed a Deed of Surrender with Brady Estates Private Limited, a related party, concerning their property located at Lower Parel, Mumbai. Under this agreement, Brady Estates Pvt. Ltd. will relinquish its possessory rights in exchange for a total consideration of ₹7.41 crore. This transaction is classified as a related party transaction and is conducted on arm's length terms.

The completion of this agreement allows the company to regain full ownership of the property, potentially strengthening its asset base and governance. Investors may view this positively, as it consolidates control over tangible assets while reducing liabilities related to the property.