Biofil Chemicals & Pharmaceuticals Limited — Board Meeting, 04-08-2025: Outcome of Board Meeting

Biofil Chemicals and Pharmaceuticals' board has approved a strategic move to unlock value. The company plans to sell its vacant industrial land leasehold rights, spanning approximately 80,156 sq. meters, located in Pithampur, MP. This divestment aims to fetch at least Rs 16 crore. Importantly, this significant sale is subject to approval from shareholders, who will vote through a postal ballot. The board has already given the green light for the postal ballot process to commence, authorizing the Whole Time Director to manage it.