Shareholding21 Jul 2025, 07:32 pm
Indo Borax & Chemicals Ltd. to Sell Properties & Vehicles for INR 62,02,38,949
AI Summary
Indo Borax & Chemicals Ltd. has approved the sale of a residential property, office premises, and three vehicles to promoter/promoter group members for a total consideration of INR 62,02,38,949. The sale includes a residential property worth INR 42,50,00,000, an office property worth INR 14,00,00,000, and vehicles worth INR 5,52,38,949. The transaction is expected to be completed by March 31, 2026. The company is seeking shareholder approval for the sale through a postal ballot notice dated July 21, 2025.
Key Highlights
- The sale includes a residential property, office premises, and three vehicles.
- The total consideration for the sale is INR 62,02,38,949.
- The transaction is expected to be completed by March 31, 2026.
- The sale is a related party transaction as per Regulation 23 of SEBI LODR Regulations and Section 188 of the Companies Act, 2013.
- The company is seeking shareholder approval for the sale through a postal ballot notice.