TRF has received an approval for sale/divestment of entire 51% shares held in Adithya Automotive Applications (AAA), subject requisite approval of the shareholders, requisite authorities and other stakeholders as may be required, and execution of definitive agreements with the proposed purchaser, on mutually acceptable terms. The board of directors at its meeting held on September 28, 2017 has approved for the same. The company owns 35,70,000 equity shares of Rs 10 each in AAA, constituting 51% of AAA’s paid up share capital.
TRF is engaged in the production of material handling equipment. The company’s segments include Products & Services, and Projects & Services.
