Acquisitions13 May 2025, 01:36 pm
SPL Industries Ltd. Approves Property Purchase from Related Party for Up to Rs. 15 Crore
AI Summary
SPL Industries Ltd. has approved a proposal to purchase a property from Advitya Residency LLP, a related party and an entity forming part of the promoter and promoter group of the Company, for a total consideration not exceeding Rs. 15,00,00,000/- (Rupees Fifteen Crore only) in one or more tranches. The transaction is approved under Section 188(1)(b) of the Companies Act, 2013 read with Rule 15 of the Companies (Meetings of Board and its Powers) Rules, 2014, and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The property is located at Faridabad, Haryana.
Key Highlights
- Transaction with related party Advitya Residency LLP for property purchase
- Total consideration not exceeding Rs. 15,00,00,000/-
- Approval under Section 188(1)(b) of the Companies Act, 2013 and Regulation 23 of SEBI (LODR) Regulations, 2015
- Property located at Faridabad, Haryana
- Payment to be made in one or more tranches through bank transfer, cheque, RTGS, NEFT, or any other acceptable mode