KRBL Limited has been declared the successful bidder for immovable properties located in Panipat, Haryana, as of October 1, 2025,. The process was carried out through an e-auction conducted by the Justice (Retd.) R.M. Lodha Committee in relation to the PACL Limited case.
The properties carried a reserve price of ₹104.10 crore. KRBL’s final bid was much higher at ₹402.86 crore. The transaction was part of the tender process.
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The company has indicated possible uses for the acquired land. These include establishing a new plant, warehousing and allied activities, or partial monetisation of the land. Specific plans for development have not yet been announced.
The Lodha Committee has been tasked with managing and liquidating assets of PACL Limited. Properties linked to PACL are being auctioned to raise funds for repayment to affected investors. The Panipat properties form part of this process, and KRBL emerged as the highest bidder among participants.
Panipat is a hub for agri-processing and warehousing activity due to its location in Haryana, a major agricultural state. By securing land in this region, KRBL has added to its asset base in an area that plays an important role in rice cultivation and storage networks.
Read more: KRBL Shares Plunge Over 9% Following Independent Director’s Exit Over Governance Concerns
As of October 3, 2025, 09:30 AM, KRBL Limited share price was trading at ₹347.20, up 1.02% from its previous closing price.
With the acquisition of properties in Panipat for ₹402.86 crore, KRBL has expanded its asset base. The company has indicated potential industrial and storage-related uses for the land, while meeting all necessary disclosure and compliance requirements.
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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 3, 2025, 2:16 PM IST
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