
Sale2 Jul 2025, 07:11 pm
Sandhar Technologies Ltd. to Sell Plant and Machinery of Unit-III to Sandhar Engineering Private Limited
AI Summary
Sandhar Technologies Ltd. has executed a Sale/Purchase Agreement on 1st July 2025 with its Wholly Owned Subsidiary, Sandhar Engineering Private Limited, for the sale of the entire Plant and Machinery of Sandhar Technologies Limited (HR) โ Unit-III. The consideration for the sale is agreed at INR 19.01 crores, payable either as a lump sum or in tranches within a period of six months from the date of the Agreement. The transaction is done at arm's length and does not fall under the Scheme of Arrangement.
Key Highlights
- Sale of Plant and Machinery of Unit-III to Sandhar Engineering Private Limited
- Consideration for the sale agreed at INR 19.01 crores
- Payment to be made either as a lump sum or in tranches within six months
- Transaction is done at arm's length
- Does not fall under the Scheme of Arrangement