BSECompany Update4d ago · 12 Aug 2026, 11:18 am
Announcement under regulation 30 (LODR) - Update
Atlas Cycles (Haryana) Ltd · 505029
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Atlas Cycles (Haryana) Ltd has informed the exchanges that the buyer of its 20-acre land in Sonepat, Haryana, has sought a further extension until 31st December 2026 to execute the sale deed. The company's board has approved this extension, and the buyer has already paid an advance of Rs. 45.00 crores, with another Rs. 15.00 crores to be paid by 30th October 2026.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment6/10
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Atlas Cycles (Haryana) Ltd - 505029 - Announcement Under Regulation 30 (LODR)- Update
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12th August 2026
National Stock Exchange of India Ltd. BSE Ltd.
Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers,
Bandra (E), Mumbai – 400051 Dalal Street, Fort, Mumbai – 400001
NSE Symbol: ATLASCYCLE Scrip Code: 505029
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 - Update.
Ref: Intimation letters dated 14th April 2026, 16th January 2026, 31st
October 2025, 29th May 2025, and 7th December 2024, regarding sale of 20
acres of land situated in Sonepat, Haryana.
Dear Sir/Madam,
In continuation to intimations by the Company on 14th April 2026, 16th January
2026, 31st October 2025, 29th May 2025 and 7th December 2024 regarding sale
of 20 acres of Land of the Company situated in Sonepat, Haryana, this is to
inform you that the Buyer had sought further extension upto 31st December
2026 for execution of Sale Deed in connection with the said Land.
The Board of Directors at its meeting held today (commenced at 10:20 a.m. and
concluded at 11:00 a.m.), have approved the said extension. Further, pursuant
to Agreement to Sell for said land, entered into on 7th December 2024, the
Company till date has received an advance of Rs. 45.00 crores and the Buyer
has further undertaken to pay another Rs. 15.00 crores by 30th October 2026.
The Company will further intimate as and when any other material development
takes place in this regard.
Kindly take the above on record.
Thanking you,
For Atlas Cycles (Haryana) Limited
Rashpal Singh
Company Secretary & Compliance Officer