Pursuant to SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023, Munjal Auto Industries has informed the Company has received Rs 4 crores being advance part-payment for sale of land situated at Chakan Industrial area, Sub-Dist. Khed, Dist. Pune, which falls under Regulation 30(4)(i) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’). None of the Promoters, Directors, Key Managerial Persons and/or their relative(s) are interested whether directly / indirectly in the aforesaid matter. The transaction does not fall within the purview of related party transaction. Transfer of the land would take place on fulfillment of conditions by the transferee and after approval of MIDC. Hence it is not feasible to estimate time period of the expected date of transfer.
The above information is a part of company’s filings submitted to BSE.
