Deals11 Nov 2025, 06:14 pm
Super Spinning Mills Completes Sale of Properties to Promoter and Promoter Group
AI Summary
Super Spinning Mills Ltd has completed the sale of certain immovable properties to Mr. Sumanth Ramamurthi, a promoter of the company, and Elgi Electric and Industries Limited, a company belonging to the promoter group. The total consideration for the sale to Mr. Sumanth Ramamurthi is Rs. 6.00 crores and to Elgi Electric and Industries Limited is Rs. 1.52 crores. The sale was completed on November 11, 2025, following the approval of the shareholders through a postal ballot on October 2, 2025.
Key Highlights
- Super Spinning Mills has sold certain immovable properties to a promoter and a promoter group company.
- The total consideration for the sale to the promoter is Rs. 6.00 crores and to the promoter group company is Rs. 1.52 crores.
- The sale was completed on November 11, 2025.
- The sale was approved by the shareholders through a postal ballot on October 2, 2025.
- Mr. Sumanth Ramamurthi, a promoter of the company, and Elgi Electric and Industries Limited, a company belonging to the promoter group, are the buyers.