Punjab Communications has informed that in continuation to earlier letter no. PCL/CS/15758 dated 30th September, 2020 in which the members of the Company at the 39th Annual General Meeting (AGM) of the company have accorded their consent in respect of sale of an undertaking under Section 180(1)(a) of the Companies Act, 2013; Punjab Pollution Control Board (PPCB) has showed their interest to buy one of its fixed assets i.e., C-134 Building situated in Phase VIII, Industrial Area, Mohali. An offer letter (as approved by the Board of Directors of the company) is duly sent to Punjab Pollution Control Board (PPCB) on 25th June, 2021. The Company will further keep the Stock Exchange duly informed of any other information or update in this regard, as and when any such event occurs, under the LODR regulations.
The above information is a part of company’s filings submitted to BSE.
