Usha Martin has informed that the board of directors of Usha Martin (Company), at its meeting held today, 5th August 2023, considered and approved the transfer/ sale of leasehold land admeasuring about 10.11 acres, structure(s), plant & machinery, etc. (Sale Assets) located in Sriperumbudur at Tamil Nadu (Proposed Sale). The Proposed Sale is subject to execution of definitive documents, completion of customary closing conditions under the definitive documents and receipt of regulatory approvals, if any. Details as required under Regulation 30 of the Listing Regulations read with SEBI master circular dated 11th July 2023, bearing reference no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 and SEBI circular dated 13th July 2023, bearing reference no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, is set out in the Annexure. The board meeting commenced at 11:45 AM IST and concluded at 2:20 PM IST.
The above information is a part of company’s filings submitted to BSE.
