Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

| Updated on March 27, 2018 Published on March 27, 2018

We would like to inform that subject to the necessary approval of the shareholders of the company, other regulatory approval and satisfactory due diligence M/s. RASHTRIYA METAL INDUSTRIES LIMITED (The RMIL i.e. subsidiary company) has entered into a Memorandum of Understanding dated 26th March, 2018 for sale of its immovable property wherein the RMIL has proposed to sale its immovable property.
The Transaction completion is subject to fulfilment of conditions mentioned in the Memorandum of Understanding. Appropriate announcement shall be made on completion of deal.
The sale is made to party which is not a related party.
You are requested to please take the same on record and inform the stakeholders accordingly.

Pdf Link: Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

Source : BSE - www.bseindia.com

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Published on March 27, 2018
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