SG Mart: Intimation Regarding Execution Of Business Transfer Agreement To Sell Wind Farm Undertaking By Wholly-Owned Subsidiary Company
Ref: Intimation Under Regulation 30 'SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015' ('Listing Regulations')

With reference to above-mentioned subject, We wish to intimate you that pursuant to Regulation 30 of Listing Regulations, the Wholly owned subsidiary of the Company i.e. Divine Windfarm Private Limited (WOS) has sold its wind farm undertaking to third party as identified by the Board of Directors through the execution of Business Transfer Agreement dated 14th November, 2018 on a Slump Sale basis for lump-sum consideration.

Pursuant to the Agreement, the undertaking of WOS have been transferred as a going concern, on a slump sale basis, with effect from 14th November, 2018. The disclosure for the slump sale of undertaking of WOS is enclosed hereto as Annexure A pursuant to SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.
We request you to take this information on your records.