National Fittings Limited (NFL) has announced the execution of a sale deed for its 4-acre land parcel located in Thottanuthu Village, Dindigul Taluk, Tamil Nadu. The transaction, valued at ₹13.50 crore, was finalized on January 9, 2025, as per a regulatory filing under SEBI’s Listing Obligations and Disclosure Requirements.
Key Details of the Transaction:
- Land Details:
- The property is situated at S.F. No: 630/1B, Thottanuthu Village, Dindigul Taluk.
- Buyer Information:
- The buyer is a third-party entity, unaffiliated with the company’s Promoter/Promoter Group.
- The transaction does not qualify as a Related Party Transaction.
- Stakeholder Interests:
- None of the Promoters, Directors, or Key Managerial Personnel (KMPs) and their relatives are directly or indirectly involved in this transaction.
The sale underscores National Fittings Limited’s focus on asset optimization. Proceeds from the transaction may be utilized to strengthen the company’s financial position or support its operational growth.
