MoU13 Mar 2026, 07:32 pm
RR MetalMakers India Ltd Executes MOU with Ojas Ecopower Limited for Sale of Gujarat Plant
AI Summary
RR MetalMakers India Ltd has executed a MOU with Ojas Ecopower Limited for the sale of its undertaking/plant situated in Gujarat. The plant is expected to be sold by March 31, 2026, with an advance payment of Rs.1.50 crores received and the balance amount of Rs.1.15 crores payable before the completion date. The buyer, Ojas Ecopower Limited, does not belong to the promoter/promoter group. The transaction is not a related party transaction and is outside the scheme of arrangement.
Key Highlights
- RR MetalMakers India Ltd has executed a MOU with Ojas Ecopower Limited for the sale of its Gujarat plant.
- The plant is expected to be sold by March 31, 2026, with an advance payment of Rs.1.50 crores received.
- The balance amount of Rs.1.15 crores is payable before the completion date.
- The buyer, Ojas Ecopower Limited, does not belong to the promoter/promoter group.
- The transaction is not a related party transaction and is outside the scheme of arrangement.