Sturdy Industries has informed that the Board of Directors of the Company in their meeting held today considered and approved the transfer of 1,61,93,042 equity shares of the company held in the name of Allahabad Bank (Now Known as Indian Bank) in favour of Greenways Advisors. Such transfer of shares from Allahabad Bank (Now known as Indian Bank) in favour of Greenways Advisors as per SDR Scheme prescribed by Reserve Bank of India.
The above information is a part of company’s filings submitted to BSE.
