MoU28 Aug 2025, 10:31 am
ATV Projects India Ltd Enters MoU with Shri Vrinda Infracon for Land Development
AI Summary
ATV Projects India Ltd has entered into a Memorandum of Understanding (MoU) along with a Term sheet with Shri Vrinda Infracon Private Limited for the development of Unutilised Land situated at ATV Nagar Mathura. This decision was made pursuant to the Special Resolution passed at the Annual General Meeting held on 16 August, 2025. The Development Agreement is yet to be executed and will be intimated to BSE upon execution. The terms of the agreement do not include any special rights for Shri Vrinda Infracon Private Limited, nor is there any related party transaction involved. The land development is expected to be carried out in accordance with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 117 July, 2023.
Key Highlights
- ATV Projects India Ltd has entered into an MoU with Shri Vrinda Infracon Private Limited for land development.
- The MoU is for the development of Unutilised Land situated at ATV Nagar Mathura.
- The decision was made pursuant to a Special Resolution passed at the Annual General Meeting held on 16 August, 2025.
- The Development Agreement is yet to be executed and will be intimated to BSE upon execution.
- The terms of the agreement do not include any special rights for Shri Vrinda Infracon Private Limited, nor is there any related party transaction involved.