Sarda Proteins has received an approval to sell, lease, dispose of whole or substantially the whole of land and building of the company at Matsya Industrial Area, Alwar in state of Rajasthan for not less than Rs 1.40 crore as approved by members in postal ballot. The board of directors at their meeting held on December 22, 2014 has approved for the same.
The board has also authorized to sell the whole or substantially the whole of equity shares of Aura Infracon (an associate company as per the Companies Act, 2013).
Sarda Proteins was incorporated in 1991 for manufacturing and marketing of mustard oil. The company is having some associate companies namely, Sarda Agro Products, Sarda Oil Industries, Sarda Industrial Corporation, and Aura Infracons.