Burnpur Cement Ltd
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 -Sale Of Immovable And Movable Assets Of The Company By M/S UV Asset Reconstruction Company Limited Under The Provisions Of The Securitization An
05:41 PM, 29th Nov 2023
This is with reference to our Intimation dated October 17 2023 made to the stock exchanges regarding receipt of Sale Notice under Section 13(4) of SARFAESI Act 2002 from M/s UV Asset Reconstruction Company Limited (UVARCL) and pursuant to Regulation 30 of the SEBI LODR Regulation 2015 we would like to inform you that the Company is in receipt of an Intimation letter dated November 29 2023 from UVARCL regarding sale of the Immovable and Movable Assets of the Company under the SARFAESI Act 2002 and Security Interest (Enforcement) Rules 2002.We have been informed vide the abovementioned Intimation letter that upon the conclusion of the Auction Process conducted by UVARCL as per their Sale Notice dated October 16 2023 issued to the Company M/s Ultratech Cement Limited has emerged as the successful bidder for both the Immovable and Movable Assets of the Company and accordingly UVARCL has issued sale certificates dated November 29 2023 for sale of the Assets.