Taneja Aerospace Restructures Zenith Precision Stake

Taneja Aerospace & Aviation Ltd has executed a Master Restructuring and Transfer Agreement with Zenith Precision Private Limited, its promoters, and shareholders. The agreement outlines a proposed transaction where Taneja Aerospace will transfer its equity investment in Zenith Precision to the promoters. Concurrently, the company or a designated entity will acquire a controlling stake in Zenith Precision's SEZ Division, including its assets, liabilities, employees, contracts, and leasehold rights, operating as a going concern. Further disclosures will be made upon fulfillment of conditions precedent and receipt of necessary approvals.