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Supreme Industries informs about updates on joint venture

02 Jul 2018 Evaluate

Supreme Industries has informed that on 30th June 2018 the company completed the sale of its Auto Comp Business as a going concern on a slump sale basis to Kumi Supreme India in terms of the Business Transfer Agreement and other related documents executed between the Company and Kumi Supreme India. Further, the Company has entered into an amendment agreement dated 30th June 2018 to the Joint Venture Agreement referred to in its earlier intimation dated 4th April, 2018 whereby the Company has waived its right to appoint the Chief Operating Officer of Kumi Supreme India.

The above information is a part of company’s filings submitted to BSE.

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