Agreements

July 15, 2026 Department of Corporate Services Listing Department BSE Ltd., National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Mumbai – 400 001. Bandra-Kurla Complex BSE Scrip Code : 500460 Bandra (E), Mumbai – 400051. NSE Symbol : MUKANDLTD ISIN Code: INE304A01026 Dear Sirs Re : Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Execution of Term Sheet for Sale of land at Kalwa 1. Pursuant to Regulation 30 of SEBI LODR we wish to inform you that the Company has executed a Term Sheet on 15 July 2026 with AGP DC Infra Private Limited for the sale of (i) land parcels admeasuring in aggregate 35,548.93 square metres (equivalent to approximately 8.78 Acres) or thereabouts as per the Property Cards extracts, comprising of several CTS numbers situated in Village Kalwa, in Thane district and (ii) a portion of land admeasuring approx. 1691.64 sq. mtrs (equivalent to approximately 0.42 Acres), having a width of 9 meter, forming part of a larger portion of land admeasuring 8509.97 sq. mtrs (equivalent to approx. 2.1 acres), comprised of several CTS numbers situated in Village Kalwa (the Northern Access Road), located on the northern boundary of the land described under (i) above, subject to the existing non-exclusive right of way in perpetuity granted by the Company to certain entities over the said Northern Access Road and (ii) together with the grant of non-exclusive right of way (a) by the purchaser to the Company for a period of 5 years, over land parcel described under (ii) above and (b) by the Company to the purchaser, in perpetuity, over the remaining portion of the Northern Access Road admeasuring approximately 6818.33 sq. mtrs. (equivalent to 1.68 Acres) being the balance portion of the northern access road, for a composite consideration of Rs. 55 crore per acre for the Land and non-exclusive right of way, aggregating to approx. Rs. 506 crore and has received an advance of Rs. 10 crore from the purchaser. 2. The sale and purchase as aforesaid is subject to necessary approvals / permissions / NOCs being obtained by the Company from the Government of Maharashtra and/or Collector, Thane and/or Gram Panchayat and/or all other concerned authorities, the fulfilment of conditions precedent, joint survey and demarcation of the land as aligned with the sub-division order to be obtained, and is also subject to the purchaser being satisfied with the outcome of the technical and other due diligences being carried out Regd. Office: Mukand Limited, Bajaj Bhavan, 3rd Floor, Jamnalal Bajaj Marg, 226 Nariman Point, Mumbai 400021, India, Tel: 91 22 6121 6666 Works: Thane-Belapur Road, Dighe, PO Kalwe, Thane, Maharashtra- 400605, India, Tel: +91 22 2172 7500 | www.mukand.com | Email : secretarial@mukand.com CIN : L99999MH1937PLC002726 by the purchaser. The consideration as mentioned above, is subject to revision based on actual measurement of the land parcels and on the basis of the foregoing. 3. The said sale is not expected to have impact on the operations of the Company. Further the sale of the land parcels as aforesaid does not constitute an undertaking or substantially the whole of the undertaking for the Company in terms of section 180(1)(a) of the Companies Act, 2013. 4. Disclosures as required under Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026 is enclosed herewith as “Annexure I”. 5. The purchaser does not belong to the Promoter or Promoter Group / Group Company(ies) and accordingly the said transaction does not fall under the ambit of Related Party Transaction(s). 6. None of the Company’s Promoters, Directors, Key Managerial Personnel, and / or their relative(s) are interested, either directly or indirectly in the aforesaid matter. 7. The above information will also be made available on Company’s website www.mukand.com Kindly take the same on record. For Mukand Limited Rajendra Sawant Company Secretary Encl : as above Regd. Office: Mukand Limited, Bajaj Bhavan, 3rd Floor, Jamnalal Bajaj Marg, 226 Nariman Point, Mumbai 400021, India, Tel: 91 22 6121 6666 Works: Thane-Belapur Road, Dighe, PO Kalwe, Thane, Maharashtra- 400605, India, Tel: +91 22 2172 7500 | www.mukand.com | Email : secretarial@mukand.com CIN : L99999MH1937PLC002726 Annexure I Sr. Particulars Remarks 1. The amount and percentage of Not Applicable as the disclosure relates to sale the turnover or revenue or of immovable property income and net worth contributed by such unit or division of the listed entity during the last financial year 2. Details of the land parcels that Sale of (i) land parcels admeasuring in are the subject matter of the aggregate 35,548.93 square metres agreement (equivalent to approximately 8.78 Acres) or thereabouts as per the Property Cards extracts, comprising of several CTS numbers situated in Village Kalwa, in Thane district and (ii) a portion of land admeasuring approx. 1691.64 sq. mtrs (equivalent to approximately 0.42 Acres) having a width of 9 meters, forming part of a larger portion of land admeasuring 8,509.97 sq. mtrs (equivalent to approx. 2.51 acres), comprised of several CTS numbers situated in Village Kalwa (the Northern Access Road), located on the northern boundary of the land described under (i) above ,subject to the existing non-exclusive right of way in perpetuity granted by the Seller to certain entities over the said Northern Access Road, (ii) together with the grant of non- exclusive right of way (a) by the purchaser to the Company for a period of 5 years, over land parcel described under (ii) above, and (b) by the Company to the purchaser, in perpetuity, over the remaining portion of the Northern Access Road admeasuring approximately 6818.33 sq. mtrs. (equivalent to 1.68 Acres) being the balance portion of the northern access road. 3. Name(s) of parties with whom AGP DC INFRA PRIVATE LIMITED the agreement is entered (formerly known as APG DC Infra Private Limited), a company incorporated under the Companies Act, 2013 and having its Regd. Office: Mukand Limited, Bajaj Bhavan, 3rd Floor, Jamnalal Bajaj Marg, 226 Nariman Point, Mumbai 400021, India, Tel: 91 22 6121 6666 Works: Thane-Belapur Road, Dighe, PO Kalwe, Thane, Maharashtra- 400605, India, Tel: +91 22 2172 7500 | www.mukand.com | Email : secretarial@mukand.com CIN : L99999MH1937PLC002726 registered office at Assetz House, 30, Crescent Road, Bengaluru, Karnataka, India – 560001 4. Purpose of entering into the To unlock value as the land parcels without agreement affecting the operations of the Company. 5. Date on which the Term Sheet 15 July 2026 has been entered into 6. The expected date of completion The sale and transfer is subject to necessary of sale/disposal approvals / permissions / NOCs being obtained by the Company from the Government of Maharashtra and/or Collector, Thane and/or Gram Panchayat and/or all other concerned authorities, the fulfilment of conditions precedent, joint survey and demarcation of the land as aligned with the sub-division order to be obtained, and is also subject to the purchaser being satisfied with the outcome of the technical and other due diligences being carried out by the purchaser. 7. Consideration received from The composite consideration shall be such sale/disposal computed at Rs. 55 crore per acre for the Land and non-exclusive right of way, aggregating to approx. Rs. 506 crore. The Company has received an advance of Rs. 10 crore. The consideration as mentioned above, is subject to revision for the reasons as specified in paragraph 2 of the disclosure. 8. Brief details of buyers and For details of the purchaser, please refer to whether any of the buyers item (3) of this tabular chart. belong to the promoter/promoter gro [Showing first 8,000 characters — download PDF for full document]