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March 31, 2022
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Standard Industries Limited (SIL) (Assignor) has entered into Supplemental MOU, Agreements, Deed of Assignment and other connected documents with Support Properties Private Limited (SPPL) (Assignee) (K. Raheja Group Company) to transfer and assign unto them leasehold rights in 62.25 acres of the Company’s leasehold property situated at Plot No. 4, Trans Thane Creek Industrial Area in the villages of Ghansoli & Savali, Taluka Thane (“Property”), for an overall consideration of Rs. 427.33 crores (Rupees Four Hundred and Twenty Seven crores and thirty three lakhs only).
This transfer, assignment and consideration was subject to various conditions precedent getting satisfied (including approval of MIDC) and other terms and conditions specified in the MOU read with Supplemental MOU.
On receipt of approval dated 23rd March, 2022, from MIDC, a Deed of Transfer and Assignment Agreement (DTAA) dated 31st March, 2022 of Leasehold land in relation to the said property alongwith Power Sub-Station situated within the same Plot, was executed between SIL and SPPL for an overall consideration of Rs. 427.33 crores.
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November 5, 2020
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A Meeting of the Board of Directors of the Company will be held on Thursday, the 12th November, 2020, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company, with 'Limited Review Report', on quarterly basis, for the second quarter and half year ended 30th September, 2020.
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August 4, 2020
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A Meeting of the Board of Directors of the Company will be held on Thursday, the 13th August, 2020, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company, with 'Limited Review Report', on quarterly basis, for the first quarter ended 30th June, 2020.
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June 30, 2020
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At the meeting of the Board of Directors of the Company held on June 30, 2020, the Board of Directors have decided to explore and evaluate sale / transfer / disposal of investments / assets of both its wholly owned subsidiaries, including a material wholly owned subsidiary, either in whole or in part, to one or more buyer(s), subject to approval of the members of the Company
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June 30, 2020
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At the meeting of the Board of Directors held on 30th June, 2020 Shri D. H. Parekh has been re-appointed as the Executive Director of the Company for a period of three years w.e.f 2nd August, 2020 subject to the approval of shareholders.
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