Sandhar Technologies Limited, in line with its strategy to optimize and monetize its immovable assets, has executed an Agreement to Sell for the property located at 34/B, Peenya 2nd Phase, Industrial Area, Bengaluru. This action is aligned with the company’s objective to strengthen its capital structure and further its business goals, all while ensuring minimal disruption to ongoing operations.

The property, which spans survey numbers 35 and 36 of Chokkasandra Village within the Yeshwanthapura Hobli, is being sold to M/s. NL Blinds Private Limited for a total consideration of INR 61 Crore. As per the terms of the agreement, INR 15 Crore has already been paid as earnest money, with the balance amount of INR 46 Crore expected to be received upon the execution of the Sale Deed, which is planned to be completed within three months, along with a grace period of an additional three months for delayed performance, if any.

The proceeds from this sale are intended to fuel Sandhar Technologies’ long-term growth strategy. Specifically, the funds will be directed towards enhancing operational capacity, securing new market opportunities, and supporting expansion initiatives. These measures reflect the company’s commitment to increasing its operational footprint and ensuring sustained business growth.

This sale is a part of Sandhar Technologies’ strategic consolidation plan, where it aims to monetize non-core assets while continuing to invest in its core operations and market positioning. The deal ensures that there will be no disruption to the company's ongoing business functions and it will proceed seamlessly to further its goals.

In line with the regulations set by SEBI under the Listing Obligations and Disclosure Requirements (LODR), this announcement fulfills the disclosure requirements for such significant transactions. The company has committed to providing further details once the Sale Deed is executed.

Details under SEBI Regulations:

• Parties Involved: The agreement was signed with NL Blinds Private Limited.

• Purpose of Agreement: To sell the property situated in Peenya Industrial Area.

• Consideration and Payment Terms: A total of INR 61 Crore, with an earnest payment of INR 15 Crore.

• Use of Proceeds: The proceeds will fund the company's expansion and growth initiatives.

This disclosure has been made in accordance with the guidelines laid out by the SEBI Master Circular and the company will continue to keep the stakeholders informed about any developments related to this sale.

For further information, Sandhar Technologies continues to ensure transparency and compliance with all necessary regulatory requirements.

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