Binny has informed that the Board of Directors at their meeting held today (January 03, 2018), considered and approved the proposal for sale of Company’s Coal Yard Property (Part) to an extent of 33 grounds and 523.712 Sq.Ft. situated at Govindan Street, Perambur, Chennai - 12 for a consideration of Rs 25.50 Crores to Everwin Educational and Charitable Trust (Everwin School Group), Kolathur; and considered and approved the cancellation of the Agreement dated 05.12.2014 entered into with S.Varadharajan and V. Kanagalakshmi for purchase of land to an extent of 1 Ground and 1637 Sq.Ft. (4037 Sq.Ft.) situated at Perambur High Road, Jamalia, Perambur, Chennai 12 for a consideration of Rs 2.42 crores.
The above information is a part of company’s filings submitted to BSE.
