W.S.Industries (India) has informed that a meeting of the Board of Directors of the Company was held on 24th March 2022 to review the operations of the Company and general corporate matters which included the following: Pursuant to approval of the Shareholders through Postal Ballot Notice dated 26th April 2019 and its result dated 8th June 2019 and the earlier intimation dated 13th January 2020, Company has entered into definitive agreements on 24th March 2022 with Winwin Speciality Insulators for the transfer of Vizag Unit/Plant/Undertaking for a consideration of Rs 20,85,00,000. The Buyer does not belong to promoter group. This transaction does not fall within related party transactions. The Board Meeting started at 10.00 AM and concluded at 11.00 AM.
The above information is a part of company’s filings submitted to BSE.
