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Amarjothi Spinning Mills Ltd Capital/Financing Update 2021
61463_rns_2021-04-19_c018cc1e-554f-48a6-a616-3b7679729334.pdf
Capital/Financing Update
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Amarjothi House T+ 91 421 4311600
Tamil Nadu, India ISO 9001 : 2008 | GOTS-OE | OEKO TEX CERTFIED GST : 33AAFCA7082C1ZO0
CIN: L17111T2Z1987PLC002090
19.04.2021
To
The Deputy General Manager, Bombay Stock Exchange Limited, Floor 25, PJ Towers, Dalal Street, Mumbai- 400 001. E-Mail: [email protected], [email protected]
Dear Sir,
Scrip Code: 521097/ AMARJOTHI SPINNING MILLS LIMITED
Sub: Outcome of Board Meeting
Pursuant to Regulations 30 of the SEBI (Listing obligations and disclosure Requirements), Regulations 2015 ( the said Regulation), we hereby inform you that the Board of Directors of the Company at their meeting held today i.e. April 19, 2021 have accorded their approval for the following matter:
- Sale of the land admeasuring 3 acres and 88.50 Cents to AFCM Wind Farms Private Limited for an overall consideration of Rs.16,00,000/-. The disclosure for the proposed sale is enclosed hereto as Annexure A.
You are requested to take the same on your records.
Thanking You,
Yours Faithfully
For Amarjothi Spinning Mills Limited
MoMRand
Mohana Priya. M Company Secretary
T +91 4214311600 [email protected] www.amarjothi.net
isO 9001 : 2008 | GOTS-OE | OEKO TEX CERTFIED GST : 33AAFCA7082C1Z0
CIN: L17111TZ1987PLCO002090
ANNEXURE- A
| Tirupur 641601 | Amarjothi House 157, Kumaran Road, Tamil Nadu, India |
T +91 4214311600 [email protected] www.amarjothi.net isO |
Amarjothi ~~ Spinning Mills Ltd GOTS-OE OEKO TEX CERTFIED 2008 9001 : |
|---|---|---|---|
| CIN: L17111TZ1987PLCO002090 | |||
| ANNEXURE- A | |||
| Disclosure | for the proposed sale of the Land of | ||
| Colors personalized | 4. | The amount and percentage of the turnover or revenue or income and net worth contributed by units or division or subsidiary. such unit or division of the listed entity during the Therefore, we cannot mention the last financial year. |
The company is not selling any of its turnover. |
| am | 2; | Date on which the agreement for sale has been entered into |
19.04.2021 |
| 3 | The expected date of completion of sale/disposal 20.04.2021 | ||
| 4, | Consideration received from such sale/disposal | Consideration for the proposed transfer/ sale would be overall Rs.16,00,000. |
|
| 5: | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group/group Companies. If yes details thereof. |
AFCM Wind Farms Private Limited The buyer belongs to promoter/group Companies. |
|
| 6. | Whether the transaction would fall within related Yes. It is done at arms length basis. party transactions? If yes, whether the same is done at "arms length". |
||
| 7. | Rationale for Proposed Sale | The company is planning to dispose of the some of its un-utilised properties so as to liquidate the assets. |
|
| 8. | In case of cash Consideration- amount or otherwise share exchange ratio; brief details of change in shareholding pattern (if any) of listed entity |
Consideration amount is Rs. 16,00,000 | |
| For Amarjoth! Spinning Mills Ltd., | |||
| Ptsrat | |||
| MOHANA PRIYA .M4 Company Secrotay |
For Amarjoth! Spinning Mills Ltd.,
Ptsrat
MOHANA PRIYA .M4 Company Secrotay