MoU27 Oct 2026, 02:22 pm
ATV Projects India: Supplementary Agreement with Shri Vrinda
AI Summary
ATV Projects India Ltd announced that its Board of Directors has approved a Supplementary Agreement (Addendum) with Shri Vrinda Infracon Private Limited. This addendum revises the terms of a previously registered Consortium Memorandum of Understanding. The revision stems from a joint measurement of land at ATV Nagar, Mathura, which revealed a difference in area, leading to a reduction in the total consideration from ₹47,75,40,000 to ₹46,64,40,000, a decrease of ₹1,11,00,000. The parties have mutually agreed not to execute a separate Development Agreement.
Key Highlights
- Supplementary Agreement approved with Shri Vrinda Infracon.
- Consideration reduced by ₹1.11 Crore due to revised land area.
- Original consideration was ₹47.75 Crore, revised to ₹46.64 Crore.
- No separate Development Agreement will be executed.
Price Impact
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