This is in continuation to our letter dated 14th October 2021 providing intimation for the outcome of the Board of Directors meeting held on that day.
Kindly note that the Company has entered into a Memorandum of Understanding (MOU) with M/s Image Gravures a Partnership Firm (the Buyer) for the Sale and Transfer of its Plant & Machineries and Inventories situated at the factory of the Company on as is where is basis (the Assets) for an aggregate consideration of INR 945.00 Lakhs plus GST and other taxes as applicable.
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