Business Update12 Aug 2024, 09:27 pm
Polymechplast Machines Ltd. to Sell Land Assets Worth Approx. INR 12.82 Crore
AI Summary
Polymechplast Machines Ltd., a renowned manufacturer of Gold Coin Brand Plastic Processing Machines, has announced its decision to sell a freehold, clear, and marketable titled land. The land, spread over approximately 23,189 square meters, is located at Block No. 515, 520, 521, and 519/A paki, Village: Bamangam, Taluka: Karjan, District: Vadodara. The proposed sale is expected to fetch approximately INR 12.82 Crore. The decision was made at the board meeting held on 12th August 2024. The buyer is a third party and not related to the promoter or promoter group. The sale is not a related party transaction and is expected to be completed after necessary approvals and signing of definitive agreements.
Key Highlights
- Polymechplast Machines Ltd. to sell land worth approximately INR 12.82 Crore.
- Land is freehold, clear, and marketable titled, spread over approximately 23,189 square meters.
- Location: Block No. 515, 520, 521, and 519/A paki, Village: Bamangam, Taluka: Karjan, District: Vadodara.
- Buyer is a third party and not related to the promoter or promoter group.
- Transaction is not a related party transaction.