MUKAND LTD. - 500460 - Disclosure Under Regulation 30 Of SEBI (LO&DR) Regulations, 2015 - Agreement For Sale Of Land At Kalwe And Dighe
Further to our intimation dated June 25, 2021 this is to inform you that the Company has executed an Agreement for Sale (AFS) on March 1, 2022 for the sale of land of the Company admeasuring approx. 47 acres situated at Kalwe and Dighe, in Thane district for a consideration of Rs. 806,14,00,000/-. Of this, part consideration of Rs. 161,22,80,000/-, (being a sum equivalent to 20% of the sale consideration) is required to be deposited by the purchaser as earnest money deposit, in an escrow account, within 7 days of execution of AFS. The aforesaid sale is subject to fulfilment of certain conditions precedent by the parties. The purchaser is not related to promoter/promoter group/ group companies and transaction does not fall within related party transactions.02-03-2022