AGM/EGM28 Jul 2026, 05:41 pm
Nilachal Refractories to hold EGM for asset sale on Aug 4, 2026
AI Summary
Nilachal Refractories Ltd has announced an Extra-Ordinary General Meeting (EGM) to be held on August 4, 2026. The primary agenda is to seek shareholder approval for the sale and transfer of movable fixed assets, including plant and machinery, via slump sale to DEOL ENGINEERS LLP. The proposed transaction has a minimum consideration of ₹5 crore. The Board of Directors is authorized to finalize terms and negotiate the business transfer agreement.
Key Highlights
- EGM scheduled for August 4, 2026, to approve asset sale.
- Sale of movable fixed assets to DEOL ENGINEERS LLP.
- Minimum transaction value set at ₹5 crore.
- Board authorized to finalize Business Transfer Agreement.
Price Impact
More from NILACHAL