
Business Update7 Jan 2026, 07:01 pm
Shyam Century Ferrous Ltd. Announces Plan to Sell, Lease or Dispose Company Assets
AI Summary
Shyam Century Ferrous Ltd. held a Board Meeting on 7th January, 2026, where they gave in-principle approval to sell, lease or otherwise dispose off whole or substantially the whole of the Company’s assets. This includes the Plant & Machinery, Furniture’s & Fixtures, Electrical Installations, and all Manufacturing Rights/ Approvals. The approval is subject to the shareholders’ approval of the Company pursuant to Regulation 37A of the Listing Regulations. The Company Secretary has been authorized to conduct a Postal Ballot to seek approval from the shareholders.
Key Highlights
- The Company plans to sell, lease or dispose off whole or substantially the whole of the Company’s assets.
- The approval is subject to the shareholders’ approval pursuant to Regulation 37A of the Listing Regulations.
- The Company Secretary has been authorized to conduct a Postal Ballot to seek approval from the shareholders.
Price Impact
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