Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to its letter dated 6th September, 2023, Bengal Tea & Fabrics has informed that the Board of Directors vide their meeting held today have accepted the offer for purchase of leasehold rights for the Company’s land of Asarwa Mills, Ahmedabad, Gujarat from Shantinath Developers having their office at 203 Shashwat Complex, Opp. HDFC House, Nr. Mithakhali Six Road, Navrangpura, Ahmedabad- 380009 for a consideration of Rs 101.00 Crores subject to necessary approvals. The Board of Directors have approved the draft Memorandum of understanding and authorised the Directors/Authorised signatories to execute the same. The Board Meeting commenced at 11.00 am and concluded at 11.30 am.
The above information is a part of company’s filings submitted to BSE.
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