MoU4 Feb 2024, 04:36 am
JAYKAY ENTERPRISES LTD. ANNOUNCES MERGER OF BUSINESS WITH SILVERGREY ENGINEERS
AI Summary
Jaykay Enterprises Limited (JKE) has executed a Dissolution cum Retirement Deed with Ujala Merchants and Traders Limited (UMTL), wherein UMTL will retire from the partnership of Silvergrey Engineers, resulting in JKE becoming the sole proprietor of the company. The deal is in compliance with SEBI Listing Regulations and will allow JKE to carry on the business of manufacturing and supplying parts and accessories to the defence aerospace and other allied equipment manufacturing industry as a division/unit of JKE.,
Key Highlights
- JKE to become the sole proprietor of Silvergrey Engineers
- UMTL to retire from the partnership
- Deal in compliance with SEBI Listing Regulations
- JKE to carry on the business of manufacturing and supplying parts and accessories to the defence aerospace and other allied equipment manufacturing industry