Business Update29 Nov 2024, 12:18 am
Saptarishi Agro Industries Terminates Lease Agreement with Frozen Kitchen Foods
AI Summary
Saptarishi Agro Industries Ltd. has announced the termination of a lease agreement with Frozen Kitchen Foods Private Limited. The lease agreement, which was executed on 01.07.2024, has been terminated due to technical issues and insufficiency for setting up more versatile plant and utility services. The termination has been mutually agreed upon by both parties. This development is in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Saptarishi Agro Industries terminates lease agreement with Frozen Kitchen Foods
- Agreement executed on 01.07.2024
- Termination due to technical issues and insufficiency for plant and utility services
- Termination mutually agreed upon by both parties
- In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015