Sale17 Jul 2026, 06:20 pm
Rama Steel Tubes Sells Land and Shed for ₹26.75 Cr
AI Summary
Rama Steel Tubes Limited announced the sale of its land and shed structure located in Sahibabad Industrial Area, Ghaziabad, Uttar Pradesh, for an aggregate consideration of INR 26,75,00,000. The Board of Directors approved the transaction, which is considered a non-core business unit and did not contribute to the company's turnover or net worth in the last financial year. The buyer, Paras Buildwell LLP, is not associated with the promoter or group companies. This sale does not constitute a substantial part of the company's undertaking under the Companies Act, 2013, and is not a related party transaction.
Key Highlights
- Sale of land and shed structure for ₹26.75 crore.
- Unit was non-core and had no contribution to turnover/net worth.
- Buyer is an unrelated entity, Paras Buildwell LLP.
- Transaction does not impact company's core undertaking.
- Sale is not a related party transaction.
Price Impact
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