Maxwell Industries has informed that the Company had executed Memorandum of Understanding for sale of Land & Building situated at Survey No.360/13, Village Kachigam, Nani Daman on December 02, 2016 with Daman Poly thread Ltd for a consideration of Rs 1.50 Crs, subject to terms and condition as specified in the MOU.
The above information is a part of company’s filings submitted to BSE.