Sale16 Jul 2026, 01:09 pm
Rasi Electrodes Ltd Board Approves Land Sale for ₹300 Lakhs
AI Summary
Rasi Electrodes Ltd's Board of Directors has approved the sale of unencumbered landed property measuring 227.7 cents in Tiruvallur District, Tamil Nadu, for a total consideration of ₹300 lakhs. The Managing Director has been authorized to finalize the necessary agreement with an identified, unrelated purchaser. Shareholder consent was obtained via postal ballot and electronic voting, and the Audit Committee's recommendation was considered. This transaction is considered a material event.
Key Highlights
- Board approved sale of 227.7 cents of land.
- Total sale consideration is ₹300 lakhs.
- Managing Director authorized to sign agreement.
- Transaction is with an unrelated party.
- Shareholder consent obtained via postal ballot.
Price Impact
More from RASIELEC