Laxmi Organic Industries Ltd - 543277 - Intimation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015
Further to our letter dated October 3, 2022, regarding entry into a Memorandum of Agreement ('MoA') with Welspun Corp Limited ('Welspun' or 'Seller') for purchase of land, civil structures (excluding plant & machinery) of Welspun's unit situated in the Dahej, in the state of Gujarat, please note that :- a. A substantial consideration of INR 123 crores has been paid by the Company as of January 19, 2023; b. Both the parties to the MoA have agreed for an extension of date for completion of transaction contemplated in MoA till Mach 31, 2023. The above is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and the Company''s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information. We request you to kindly take the above on record.19-01-2023