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Birla Precision Technologies Ltd — Capital/Financing Update 2025
Jun 12, 2025
61166_rns_2025-06-12_beacb5c3-ece3-49ac-a9c1-e50c4d0daf5e.pdf
Capital/Financing Update
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Date: June 12,2025
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PM/BSE/11/2025-26
To, The Manager BSE Limited Bombay Stock Exchange, P. J. Towers, Dalal Street, Mumbai-400001.
Script code: 522105
Subject: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 – Execution of MoU for Sale of Foundry Land and Scrap
Dear Sir/Ma’am,
This is in furtherance to our earlier intimation dated February 06, 2025, wherein Birla Precision Technologies Limited “the Company” had informed the Stock Exchange regarding the closure of operations of the Foundry Division of the Company.
We wish to inform you that the Company has executed two Memorandum of Understanding (MoU’s) with M/s. Swastik Developers, through its partners Shri Balu Vaijnath Gaikwad and Shri Babasaheb Gangadhar Solunke, for the sale of land, structure, and scrap material pertaining to the Foundry Division located at Aurangabad.
The above transactions are part of the Company’s strategic decision to monetize non-core assets post closure of the Foundry operations, which have remained non-functional since February 2023.
Requisite details of the said MOU’s in accordance with the Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is annexed herewith as Annexure A & Annexure B
Further updates and disclosures, if any, will be provided in accordance with the applicable SEBI regulations upon execution of definitive agreements and progress of the transaction.
You are requested to take the above on record.
For, Birla Precision Technologies Limited
RAVINDER Digitally signed by RAVINDER CHANDER PREM CHANDER PREM Date: 2025.06.12 14:50:27 +05'30'
Ravinder Chander Prem Managing Director (Additional Director) (DIN:07771465)
Encl: A/a
Birla Precision Technologies Limited
Regd. Office : 23, Birla Mansion No. 2, 1[st] Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel .: +91 022-23867498
E-mail : [email protected] Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN : L29220MH1986PLC041214
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“ANNEXURE - A”
Agreements which are binding and not in the normal course of business
(Details pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024)
| Sr. No. | Particulars | Details |
|---|---|---|
| i. | Name(s) of parties with whom the agreement is entered |
M/s. Swastik Developers (through its Partners Shri Balu Vaijnath Gaikwad and Shri Babasaheb Gangadhar Solunke) |
| ii. | Purpose of entering into the agreement | Sale of Foundry Land and Structure |
| iii. | Size of agreement | Total Consideration:₹27,31,00,000 (Rupees Twenty-Seven Crores Thirty-One Lakhs Only) (Payment terms is as per the Memorandum of Understanding) |
| iv. | Shareholding, if any, in the entity with whom the agreement is executed |
No |
| v. | Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship |
No |
| vi. | Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length” |
No |
| vii. | Any other disclosures related to such agreements |
Land Area: 24,700 sq. meters i. Built-up Structure Area: 10,538.31 sq. meters ii. Total Consideration: ₹27,31,00,000 (Rupees Twenty-Seven Crores Thirty- One Lakhs Only) iii. Additional Charges: Applicable GST, taxes, and transfer premium as per prevailinglaws and regulations |
Birla Precision Technologies Limited
Regd. Office : 23, Birla Mansion No. 2, 1[st] Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel .: +91 022-23867498
E-mail : [email protected] Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN : L29220MH1986PLC041214
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“ANNEXURE - B”
Agreements which are binding and not in the normal course of business
(Details pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024)
| Sr. No. | Particulars | Details |
|---|---|---|
| i. | Name(s) of parties with whom the agreement is entered |
M/s. Swastik Developers (through its Partners Shri Balu Vaijnath Gaikwad and Shri Babasaheb Gangadhar Solunke) |
| ii. | Purpose of entering into the agreement | Sale of Scrap Material (Old Machinery) |
| iii. | Size of agreement | Sale Consideration for Scrap:₹2,75,00,000 (Rupees Two Crores Seventy-Five Lakhs Only) (Payment terms is as per the Memorandum of Understanding) |
| iv. | Shareholding, if any, in the entity with whom the agreement is executed |
No |
| v. | Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship |
No |
| vi. | Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length” |
No |
| vii. | Any other disclosures related to such agreements |
Additional Charges: Applicable GST and any other taxes |
Birla Precision Technologies Limited
Regd. Office : 23, Birla Mansion No. 2, 1[st] Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel .: +91 022-23867498
E-mail : [email protected] Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN : L29220MH1986PLC041214