Facor Alloys Ltd Executes Asset Transfer Agreement with Rawmat Mining and Minerals

Facor Alloys Ltd has executed an Asset Transfer Agreement on 2nd August 2025 with M/s. Rawmat Mining and Minerals for the sale of assets situated at the Company’s premises in Shreeramnagar, Andhra Pradesh. The sale is being undertaken to meet pressing financial obligations as the manufacturing facilities have been under shutdown since 31st October 2023. The buyer is not related to the promoter/promoter group and the transaction does not fall within related party transactions. The sale is outside the scope of a Scheme of Arrangement and the Company has obtained the necessary approvals.