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GOCL Corporation Limited has updated on the monetization of land in Kukatpally, Hyderabad, reporting the sale of an additional 115 acres for Rs.1486.12 crores and 4 acres under a joint development agreement for Rs.53.63 crores. A significant portion of the sale proceeds, Rs.1112.68 crores, is held as a cash margin with Union Bank of India, while the remainder is temporarily deposited with Hinduja Group Limited at an interest rate of 8.40% p.a. The company will provide further updates as additional land parcels are monetized.

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23 views1 page

Gocl

GOCL Corporation Limited has updated on the monetization of land in Kukatpally, Hyderabad, reporting the sale of an additional 115 acres for Rs.1486.12 crores and 4 acres under a joint development agreement for Rs.53.63 crores. A significant portion of the sale proceeds, Rs.1112.68 crores, is held as a cash margin with Union Bank of India, while the remainder is temporarily deposited with Hinduja Group Limited at an interest rate of 8.40% p.a. The company will provide further updates as additional land parcels are monetized.

Uploaded by

tejpalmepani
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Corporate Office

IDL Road, Kukatpally,


GOCL Corporation Limited Hyderabad-500 072
Telangana, India
T: +91 (40) 23810671-9
F: +91 (40) 23813860,
E: info@goclcorp.com
W:http://www.goclcorp.com
May 20, 2025

BSE Limited National Stock Exchange of India Limited


Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra-Kurla Complex
Mumbai-400001 Bandra (E), Mumbai - 400051
Through: BSE Listing Centre Through: NEAPS

Dear Sir/Madam,

Update on monetization of land situated at Kukatpally, Hyderabad.

Ref: BSE Scrip code: 506480, NSE Scrip symbol: GOCLCORP


This is further to our earlier communications on the matter including the communication dated 27 th
March 2024 regarding monetization of 264.50 acres of land situated at Kukatpally, Hyderabad and
communication dated December 4, 2024 and February 14, 2025.

We would like to hereby inform that monetization of a further extent of 115 acres of land has been
effected for proportionate consideration of Rs.1486.12 crores as per the MoU.

Additionally, a further extent of 4 acres 6 guntas land under joint development agreement, has also
been monetized for a consideration of Rs.53.63 crores, of which Rs.16.09 crores has been paid to
the JDA partner.

An amount of Rs.1112.68 crores out of the aforesaid sale consideration, has been kept with Union
Bank of India as 100% cash margin under fixed deposit, towards SBLC facility availed from them.
The balance sale consideration as aforesaid has been deployed with Hinduja Group Limited (HGL)
on temporary basis.

As the land sale consideration amount is not immediately required for its business purposes, till its
alternate use is finalised, the Company has been deploying these amounts on temporary basis as
inter corporate deposit(s) with HGL at rate of interest of 8.40% p.a. which is better than bank
deposits. HGL is not a related party and the Company has been receiving interest on these deposits
regularly. As on date the outstanding amount of deposit(s) so deployed with HGL is Rs.708 crores
(approx.).

We will update in due course as and when further land parcels are monetized.
Thanking you,

Yours faithfully,
For GOCL Corporation Limited
ALLADI Digitally signed by ALLADI
SATYANARAYANA
SATYANARAYANA Date: 2025.05.20 15:04:29 +05'30'
A. Satyanarayana
Company Secretary
Formerly Gulf Oil Corporation Limited
Registered Office: IDL Road, Kukatpally, Hyderabad – 500072, Telangana, India
CIN: L24292TG1961PLC000876, GST No.: 36AABCG8433B1ZX

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