Investment14 Aug 2025, 08:33 pm
Croissance Ltd Identifies Land for Bio-Energy Business and Proposes Asset Acquisition
AI Summary
Croissance Ltd, in its recent board meeting, has identified 120 acres of land in Mysuru District for setting up a bio-energy business focused on Ethanol and Solar Energy production. The company is in advanced discussions to finalize the land on lease for a period of 36 years. Additionally, the board proposed to acquire the assets of Corbel Lifespace Private Limited, amounting to Rs. 300 Lakhs, subject to shareholder approval at the upcoming Annual General Meeting. The company's un-audited financial results for the quarter ended 30.06.2025 have also been approved in the same meeting.
Key Highlights
- Croissance Ltd has identified 120 acres of land in Mysuru District for bio-energy business.
- The company is in advanced discussions to finalize the land on lease for 36 years.
- Croissance Ltd proposed to acquire the assets of Corbel Lifespace Private Limited for Rs. 300 Lakhs.
- The acquisition is subject to shareholder approval at the upcoming Annual General Meeting.
- The company's un-audited financial results for the quarter ended 30.06.2025 have been approved.