Mankind Pharma has informed that the Board appointed Committee of Independent Directors in its meeting held today, February 10, 2025 approved the sale of entire stake held by the Company in Mahananda Spa and Resorts (Mahananda), a Wholly Owned Subsidiary Company to Chalet Hotels Limited. The proceeds of monetization of non-core assets to be utilized to retire part of its debts. The detailed disclosure required as per Regulation 30 of the Listing Regulations read with Master Circular No. SEBI/HO/CFD/ PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as Annexure-I. The meeting of the Committee commenced at 4:00 pm (IST) and concluded at 4:25pm (IST).
The above information is a part of company’s filings submitted to BSE.
