Sale4 Feb 2026, 11:18 am
Nirav Commercials Ltd Approves Aluminium Business Sale to Related Party Hind Aluminium Industries Ltd
AI Summary
Nirav Commercials Ltd announced that its Board of Directors had considered and approved the sale of its Aluminium business under the brand name 'Elesar Focchi' to Hind Aluminium Industries Ltd, a Related Party, in a Material Related Party Transaction. The transaction is subject to Shareholders' approval and will be conducted via a postal ballot. The sale is expected to be completed by March 31, 2026, with a consideration of Rs. 1.25 Crores (Rupees One Crore Twenty-Five Lakhs).
Key Highlights
- Nirav Commercials Ltd approved the sale of its Aluminium business to Hind Aluminium Industries Ltd, a Related Party.
- The transaction is a Material Related Party Transaction and requires Shareholders' approval.
- The sale is expected to be completed by March 31, 2026, with a consideration of Rs. 1.25 Crores.
- The sale is subject to approval through a postal ballot.
- Hind Aluminium Industries Ltd is a Related Party and part of the promoter/promoter group/group companies.