Hirect Limited Divests Non-Operational Manufacturing Facility in Uttarakhand
1 report, 1 independent
Updated Thu 00:00
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What happened
Electrical and power electronics equipment manufacturer Hirect Limited announced the complete divestment of its non-operational manufacturing facility in Dehradun, Uttarakhand. The company executed a formal sale deed to dispose of the residual plant property at Village Chharba, Chharba Langha Road, Vikas Nagar, Dehradun. The total cash consideration received for the residual plant asset was ₹4.5 crore, finalized on September 24, 2026.
From equitybulls.com
Why it matters
The facility had been non-operational since 2023 due to product obsolescence and contributed no revenue to Hirect Limited in the previous financial year. This sale follows a prior partial divestment executed in June 2026.
From equitybulls.com
Who's involved
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The entities involved
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Dehradun
capital of Uttarakhand, India
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Uttarakhand
Indian state