Hercules Hoists has informed that the Board of Directors, in its today’s meeting, has decided to sell Mulund Land situated at 110, Minerva Industrial Estate, Mulund (West) 400080. The total area of Mulund land is approximately 8327 square meters [2.05 Acre]. Currently, the Company has not ascertained the market value of the Mulund Land and has not received any proposal regarding sale of Mulund land.
The above information is a part of company’s filings submitted to BSE.