Deals13 Dec 2025, 04:57 pm
Indo Borax & Chemicals Ltd Executes Framework Agreement for Property and Vehicle Transfer
AI Summary
Indo Borax & Chemicals Ltd has executed a framework agreement with Mr. Sajal Sushilkumar Jain, Mrs. Sreelekha Sajal Jain, and Mrs. Pranika Saumya Jain for the sale and transfer of certain immovable properties and vehicles. The transaction, which involves the sale of a residential property and identified vehicles, has been approved by the audit committee, board of directors, and shareholders. The Purchasers are members of the promoter/promoter group and collectively hold approximately 32.82% of the total share capital of the Company. There are no special rights provided to the Purchasers and the transaction is at arm's length.
Key Highlights
- Indo Borax & Chemicals Ltd has executed a framework agreement for the sale and transfer of certain immovable properties and vehicles.
- The transaction involves the sale of a residential property and identified vehicles to members of the promoter/promoter group.
- The transaction has been approved by the audit committee, board of directors, and shareholders.
- The Purchasers collectively hold approximately 32.82% of the total share capital of the Company.
- There are no special rights provided to the Purchasers and the transaction is at arm's length.