Sale7 Jan 2026, 07:02 pm
Shyam Century Ferrous Ltd. Announces Plan to Sell, Lease or Dispose Off Major Assets
AI Summary
Shyam Century Ferrous Ltd. has announced its plan to sell, lease or otherwise dispose off whole or substantially the whole of the Company’s assets including the Plant & Machinery, Furniture’s & Fixtures, Electrical Installations etc. and all Manufacturing Rights/Approvals, if any. This decision was made at the Board of Directors meeting held on 7th January, 2026. 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 its assets.
- The decision was made at the Board of Directors meeting held on 7th January, 2026.
- 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.
- The transaction would be outside the Scheme of Arrangement.
Price Impact
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