The Board of Directors of Bombay Burmah Trading Corporation (BBTC) has approved the sale of remaining Phase 1 and Phase 2 lands at Aralvaimozhi Village, located in Thovalai Taluk, Kanyakumari District, Tamil Nadu, to Annai Group. This decision comes after prior intimation on December 30, 2024, and January 9, 2025.
The Corporation confirmed that the definitive documents for the sale will be signed in due course. However, no consideration has been received yet for the transaction. The sale process will be finalized based on mutual agreement between the parties involved.
The buyers, Annai Group and its Directors/Promoters, are not affiliated with BBTC’s promoters or group companies. The sale pertains only to the land assets, with no direct impact on BBTC’s turnover, revenue, or net worth.
BBTC’s commitment to transparency is reflected in the disclosures made under SEBI Listing Regulations, 2015. As per the regulations, details regarding the sale and buyers have been duly shared with the concerned authorities. The expected completion date of the sale will be determined as per the final agreement between the parties.
