The Bombay Burmah Trading Corporation Limited has announced the termination of its agreement with MSTC Limited, effective November 18, 2025. The agreement, which involved engaging MSTC as a selling agent for immovable properties through e-auctions, was terminated due to unsuccessful bidding processes and strategic inconsistencies. The termination is not expected to have a material impact on the company.
MSTC Agreement Termination
Bombay Burmah Trading Corporation Limited has terminated its agreement with MSTC Limited, effective November 18, 2025. The original agreement aimed to utilize MSTC as a selling agent for the company’s immovable properties through MSTC’s e-auction platform.
Reason for Termination
The termination was driven by the unsuccessful outcomes of the online bidding process facilitated by MSTC. The company has cited that the approach became inconsistent with Bombay Burmah’s overall strategic objectives.
Impact Assessment
Bombay Burmah has stated that the termination of the agreement with MSTC Limited is not expected to have any material impact on the company’s financial or operational performance.
Source: BSE
