Sale6 Sept 2025, 01:31 pm
Steel Strips Infrastructures Ltd. to Sell Remaining Shops at SAB Mall, Noida for Rs 15 Crores
AI Summary
Steel Strips Infrastructures Ltd. has entered into an Agreement to Sell with M/s. SMC Enterprises Private Limited for the sale of remaining four shops held in stock-in-trade situated at SAB Mall, Noida. The Company has also signed an MOU with its sister concern, M/s Shubham Properties Private Limited for SAB Mall residual rights. The proceeds will be utilized for payment of liabilities of the Company.
Key Highlights
- Agreement to Sell executed with M/s. SMC Enterprises Private Limited for Rs 15 Crores
- MOU signed with sister concern, M/s Shubham Properties Private Limited for SAB Mall residual rights for Rs 2 Crores
- Proceeds to be utilized for payment of liabilities
- Buyer is M/s. SMC Enterprises Private Limited, a logistics and supply chain company
- No related party transactions involved