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Board of Standard Industries grants in-principle approval for sale of land at Navi Mumbai

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Capital Market

At meeting held on 26 February 2021

The Board of Standard Industries at its meeting held on 26 February 2021 has approved in-principle to explore and evaluate sale / transfer / disposal of Company's undertaking situated at Plot No.4 admeasuring 62 Acres and 10 Gunthas (equivalent to 251,934.308 square metres) lying, being and situate at Trans Thane Creek Industrial area, Villages Ghansoli and Savali, Thane, Navi Mumbai - 400 710, subject to approval of the members of the Company or such other approvals as may be required under the Companies Act, 2013 and other applicable laws, which shall be in the best interest of the Company and its stakeholders.

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First Published: Feb 26 2021 | 4:24 PM IST

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