NITCO has informed that Board of Directors of the Company in their meeting held today, Monday, September 30, 2024 considered & approved the sale, transfer, and assignment of the leasehold rights, title, and interest held in leasehold land bearing Plot No. F-6/3 situated at Trans Thane Creek Industrial Area, MIDC, Panchpakhadi, Thane along with a factory building for the remaining period of the lease. The above transaction is subject to requisite approvals from concerned regulatory/other authorities, including the Maharashtra Industrial Development Corporation. Further, the Company is yet to enter into definitive documents. The Meeting of Board of Directors of the Company commenced at 10:00 A.M. and concluded at 10:50 AM.
The above information is a part of company’s filings submitted to BSE.
