Joint Venture8 Aug 2025, 12:12 pm
Gujarat Poly Electronics Ltd. Announces EGM for Land Disposal and Loan Limit Increase
AI Summary
Gujarat Poly Electronics Ltd. has called for an Extraordinary General Meeting (EGM) to approve the disposal of its land along with the building constructed thereon, situated at B-18, Gandhinagar Electronic Estate, through assignment or sale. The sale is for a consideration of INR 29,00,00,000 (Rupees Twenty-Nine Crore only) to Tirex Transmission Private Limited. The EGM will also consider increasing the limits for granting loans, making investments, giving guarantees, or providing securities from INR 35 CRORES to INR 60 CRORES. The EGM will be held on Monday, 1st September, 2025 at 11:30 a.m. through Video Conferencing or Other Audio-Video Means.
Key Highlights
- Gujarat Poly Electronics Ltd. is planning to sell its land and building for INR 29,00,00,000 to Tirex Transmission Private Limited.
- The EGM will consider increasing the limits for granting loans, making investments, giving guarantees, or providing securities from INR 35 CRORES to INR 60 CRORES.