In furtherance to earlier announcement dated 27th July, 2021 regarding approval of slump sale of the Engineered Stone Division of the Company to Marudhar Rocks International (Buyer); ASI Industries has informed that as per the further discussion between the parties and approval of the board, at its meeting held today, i.e., 22nd October, 2021, the said division will be transferred to Marudhar Quartz Surfaces, a subsidiary of the Marudhar Rocks International, incorporated under Companies Act, 2013 and having registered office at Site No.338/45, 16th B Main, Jayanagar 4th T Block,, Bangalore, Bangalor and CIN Number U26990KA2021PTC151243. The rest of the terms and conditions including consideration will remain same as per the intimation given to BSE on 27th July, 2021.
The above information is a part of company’s filings submitted to BSE.
