Zenith Drugs Approves ₹13.75 Crore Mohana Land Sale To ACE Engineering

Board approved sale of land and building at Plot UD-7, Mohana, Indore (5 hectare) to ACE Engineering & Chemicals for Rs 13.75 Cr; 0% of turnover, ~18.6% of net worth; completion by Nov 20, 2026. Sizable non-core monetisation for a cash-thin maker with heavy receivables and rising debt; unrelated buyer at arm's length, first large property sale — likely liquidity support. Use of proceeds, carrying value and gain/loss not disclosed; not an undertaking so no shareholder nod needed; impact on cash and borrowings to be seen in next results.