JMT Auto to sell few non-core assets

Ramkrishna Casting Solutions Ltd. | Auto Ancillary | Automobiles | BSE: 513691 | NSE: JMTAUTOLTD

19 Jan 2021 Evaluate

JMT Auto has decided to sell a few non-core assets of the company comprising vacant Industrial plot, a few Residential flats and other plots of land. The total value of the asset being less than 5% of the total net worth of the company as per the last financial year 2019 -20.

The proceeds of the sale are to be used mainly to reduce the debt of the Company by making repayments of loans from Bankers. The sale proceeds will be used fully for the improvement of the present condition of the Company.

JMT Auto manufactures automotive components parts.

Peers

Company Name	CMP
SamvardhanaMotherson	165.60
Tube Investments	2519.15
Bosch	48100.00
UNO Minda	1218.00
Bombay Burmah Trdg.	1435.30
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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