Business Update26 May 2026, 05:51 pm
W.S. Industries: Land Sale Approved for ₹6.04 Cr
AI Summary
The Board of Directors of W.S. Industries (India) Limited approved the mutual surrender and termination of a lease agreement with M/s. Aarnav Business Park for industrial land near Bengaluru. The board also approved the sale/transfer of the land to Aarnav Business Park for a consideration of not less than ₹6.04 Crores, subject to necessary documentation and formalities. The board determined that the land does not constitute an "undertaking" requiring shareholder approval.
Key Highlights
- Board approves termination of lease agreement with Aarnav Business Park.
- Land sale to Aarnav Business Park approved for at least ₹6.04 Crores.
- Transaction does not require shareholder approval under Companies Act.
- Settlement of lease obligations also approved as part of the deal.
Price Impact
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