Further to its announcement dated September 22, 2022 and its subsequent announcement dated December 9, 2022. Welspun Corp has informed that the Company has received the possession of moveable properties (partially built obsolete ships, metal and scrap) from the Liquidator of ABG Shipyard (‘Liquidator’). Further, the Company’s wholly owned subsidiary - Nauyaan Shipyard (‘Nauyaan’) has received the possession of immovable property at Dahej, Gujarat from the Liquidator. As regards the leasehold lands at Dahej Gujarat, the Liquidator (along with Nauyaan) are in the process of taking necessary steps with Gujarat Industrial Development Corporation and Gujarat Maritime Board for completion of substitution/ transfer formalities. The above is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and the Company’s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.
The above information is a part of company’s filings submitted to BSE.
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