The Board of Directors of The Bombay Burmah Trading Corporation Limited approved the sale of its Dunsandle Estate Tea Plantations located in the Nilgiris District. The transaction involves the sale of assets situated at Village Sholur, Taluka Udhagamandalam. Key turnover details show the division contributed 2.05% (₹5.65 Cr) to turnover and 3.76% (₹7.10 Cr) to net worth in the last financial year. Definitive agreements are expected to be executed in due course.
Corporate Disclosure on Asset Divestment
The Bombay Burmah Trading Corporation Limited has officially communicated the outcome of its Board meeting held on March 26, 2026. The Board granted approval for the strategic sale of its Tea Plantations known as Dunsandle Estate. These assets are geographically located at Village Sholur, Taluka Udhagamandalam, in the Nilgiris District. The transaction is subject to final approvals, consents, and necessary permissions from the relevant authorities.
Financial Impact of the Divested Unit
As per the mandatory disclosures related to the sale of a unit or division, the financial contribution of Dunsandle Estate during the last financial year was detailed:
- Turnover Contribution: Rs. 5.65 Crore, representing 2.05% of the total turnover.
- Networth Contribution: Rs. 7.10 Crore, constituting 3.76% of the total net worth.
Transaction Details and Buyer Information
The definitive agreements for the sale have not yet been entered into; the expected date of completion will be mutually agreed upon parties within those definitive agreements. As of the announcement date, no consideration has been received.
The list of potential buyers detailed in the disclosure includes:
- Mr. Rangasamy s/o. Kanthasamy Gounder
- Mrs. Rathinambal, W/o. Rangasamy
- Mr. Durai Arun, S/o. Rangasamy
- Mr. Saran S/o. Rangasamy
- Poomex Clothing Company
It is explicitly confirmed that the buyers do not belong to the Promoter or Promoter group or any associated group companies of The Bombay Burmah Trading Corporation Limited. Furthermore, the transaction will not fall within the scope of related party transactions.
Procedural Note
The Board meeting where this approval was granted commenced at 2:15 P.M. and concluded swiftly at 2:50 P.M. The Company Secretary and Compliance Officer, Gandhali Upadhye, certified the disclosure.
Source: BSE
