Sale18 Jun 2025, 06:42 pm
Super Spinning Mills Ltd. Approves Sale or Lease of Land and Building
AI Summary
Super Spinning Mills Ltd. has approved the sale, lease, or disposal of its land and building situated at 'Elgi Towers', Coimbatore, Tamil Nadu. The decision was made at the Board of Directors meeting held on 18th June 2025. The sale is subject to the approval of the shareholders by means of Special Resolution under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the Listing Regulations. The company is yet to identify the buyer(s) or party(s) and enter into necessary agreements. The sale is not part of any Scheme of Arrangement and will be conducted through a Postal Ballot process.
Key Highlights
- Super Spinning Mills Ltd. has approved the sale, lease, or disposal of its land and building.
- The sale is subject to the approval of the shareholders by means of Special Resolution under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the Listing Regulations.
- The company is yet to identify the buyer(s) or party(s) and enter into necessary agreements.
- The sale is not part of any Scheme of Arrangement.
- The sale will be conducted through a Postal Ballot process.