Aditya Birla Real Estate Limited — Important, 14-05-2025: General Updates

Aditya Birla Real Estate has announced a board meeting on approving the sale of remaining spinning, yarn dyeing, and processing machinery from its Textile plant in Bharuch, Gujarat. The assets, previously part of Birla Advanced Knits Pvt Ltd, were sold for Rs. 22.15 Cr (ex-GST), significantly below their book value of Rs. 41.06 Cr as of March 2024. Buyers are unrelated parties, indicating a strategic exit from these textile operations.