STOCKWATCH

Pavna Industries Ltd Acquires Two Plots at SIPCOT Industrial Park for Rs. 7.36 Crores

Pavna Industries Limited has signed a 99-year lease deed for two plots located at SIPCOT Industrial Park, Shoolagiri (Future Mobility Park), Krishnagiri District, Tamil Nadu. The total area of the plots is 4.33 acres, and the consideration for the lease is Rs. 7,36,10,000. This acquisition is expected to provide the company with significant industrial and mobility opportunities in the region.

• Pavna Industries Ltd has signed a 99-year lease deed for two plots at SIPCOT Industrial Park, Shoolagiri.
• The total area of the plots is 4.33 acres.
• The consideration for the lease is Rs. 7,36,10,000.
• This acquisition is expected to provide the company with significant industrial and mobility opportunities.
• The lease agreement is in line with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.