HG Industries has informed that pursuant to the Share Purchase Agreement dated August 28, 2021 executed between Saurabh Mittal, Parul Mittal, Shiv Prakash Mittal and S.M. Safeinvest (Promoter group) and Greenlam Industries (Acquirer), the Promoter group has transferred 34,70,566 equity shares representing 74.9% of the total paid-up equity share capital of the Company to Greenlam Industries, on Friday, December 03, 2021. Consequent to the transfer of the aforesaid shares by the Promoter group of the Company to Greenlam Industries, the Company has become a subsidiary of Greenlam Industries.
The above information is a part of company’s filings submitted to BSE.
