Mukand Heavy Engineering Business Transfer Analyzed

Mukand Heavy Engineering (MHEL), which is completely owned by the Company, recently completed a major deal. They bought a portion of the Company’s business focused on industrial machinery. This included designing, making, setting up, and starting up Electric Overhead Cranes (EOT Cranes) along with other equipment for moving things and building factories.

• Company sold a specific business unit to MHEL.
• Deal involved EOT Cranes, materials handling equipment.
• Transaction was a “going concern” slump sale.
• MHEL now operates this part of the Company’s work.
• Key terms defined in the Business Transfer Agreement.
• Strategic shift for the Company’s operations future.

This deal, finalized on October 18, 2025, means MHEL will now be responsible for these activities. The “going concern” part is important – it means the business continues to operate as it did before, just under new ownership. The Business Transfer Agreement outlines all the specific details of the sale.

This transfer demonstrates the Company’s strategic focus on core business areas.