Nitco has received approval for monetization of Company's immovable property situated at Kanjurmarg, Mumbai and enter into conveyance deed or agreement with Runwal Construction. The Company intends to complete the aforesaid transaction which shall be subject to signing of definitive agreements between the parties and necessary/requisite approvals, if any. The Board of Directors of the Company at their meeting held on June 13, 2024 has inter-alia considered and approved the same.
Nitco is engaged in the manufacture of ceramic tiles, vitrified tiles, mosaico, marble, cement terrazzo tiles and cement.
