Acquisitions4 Nov 2025, 03:36 pm
Gujarat Poly Electronics Ltd. Approves Acquisition of Leasehold Rights for INR 3.65 Crores
AI Summary
Gujarat Poly Electronics Ltd. has announced its unaudited financial results for the quarter and half year ended 30th September, 2025. The company's board approved the acquisition of leasehold rights of land along with a factory/building at Gandhinagar Electronic Estate, Gujarat, for a cost of approximately INR 3.65 crores. The transaction is expected to be executed upon receiving the Provisional Transfer Order (PTO) from the Gujarat Industrial Development Corporation (GIDC).
Key Highlights
- Unaudited financial results for the quarter and half year ended 30th September, 2025 approved
- Leasehold rights of land along with factory/building at Gandhinagar Electronic Estate, Gujarat to be acquired
- Transaction value is approximately INR 3.65 crores
- Transaction to be executed upon receiving the Provisional Transfer Order (PTO) from GIDC
- Acquisition is expected to be completed under Regulation 30, SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024