Sale18 Oct 2025, 02:14 pm
Gujarat Poly Electronics Ltd to Sell Property to Tirex Transmission Private Limited for INR 29,00,00,000
AI Summary
Gujarat Poly Electronics Ltd has entered into a deed of assignment for the sale of its leasehold rights to a plot of land and the ownership rights to a factory building, collectively referred to as the Property, to Tirex Transmission Private Limited. The Company has received the provisional transfer order from the Gujarat Industrial Development Corporation and has obtained shareholders’ approval for the transaction. The transaction is expected to be completed once final transfer orders from the GIDC are obtained.
Key Highlights
- The Property is being sold to Tirex Transmission Private Limited for INR 29,00,00,000.
- The Company has received the provisional transfer order from the Gujarat Industrial Development Corporation.
- The sale has been approved by the shareholders during the extra-ordinary general meeting held on September 1, 2025.
- The sale is not a related party transaction.
- The sale is not part of any scheme of arrangement.