Biofil Chemicals & Pharmaceuticals Limited — Others, 08-08-2025: Shareholders meeting

Biofil Chemicals is seeking shareholder approval to sell leasehold rights for approximately 80,156 square meters of unutilized industrial land in Pithampur for at least 16 Crore. This move aims to resolve existing land disputes, unlock capital, and boost operational efficiency. Proceeds will fund overdue payments (4 Cr), modernize the operational unit (5.5 Cr), cover working capital and capital expenditure (4.75 Cr), and general expenses (1.75 Cr). The Board believes this strategic divestment is in the company's best interest, enhancing long-term sustainability by converting non-productive assets into resources for growth and clearing liabilities.