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Jeet Machine Tools Ltd. — Interim / Quarterly Report 2025
Feb 14, 2025
64230_rns_2025-02-14_86972445-ddea-4301-bbb6-4043d7f3e9bd.pdf
Interim / Quarterly Report
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Regd. Office: 25, Ambalal Doshi Marg Hamam Street, Fort, Mumbai – 400001 T : 022-22675720 / 22655782 E : [email protected] Website: www.jeetmachinetools.in CIN: L28900MH1984PLC032859
JEET MACHINE TOOLS LTD
February 14, 2025
BSE Limited
Listing Department, P.J Towers, Dalal Street Fort, Mumbai – 400 001
Scrip Code: 513012
Subject: Outcome of Board Meeting.
Dear Sir/ Madam,
Pursuant to requirement of Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly note that the Board of Directors of the Company at its meeting held today Friday, February 14, 2025 at 4.30 p.m. (IST) has inter alia considered and approved the following items:
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The Un-audited financial results (Standalone) along with Limited Review Report for the quarter ended December 31, 2024.
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The company has decided to Sale of Plot owned by the Company at Mumbai admeasuring approx. 1459 square meters at C.T.S. No. 837 part of Village Mohile, Mumbai, for consideration of Rs. 4,68,27,364/- (Rupees Four Crores Sixty-Eight Lakhs Twenty-Seven Thousand Three Hundred Sixty Four Only).
Pursuant to provisions of Regulation 37A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and section 180(1)(a) of the Companies Act, 2013, approval of shareholders of the Company shall be obtained for sale of undertaking and accordingly, the Board has decided to obtain approval of shareholders through Postal Ballot for the above said business.
The disclosure requirements pertaining to the above business pursuant to Regulation 30 of the SEBI (LODR) Regulations read with the circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure A.
Corporate Address (Address of Communication) Parekh Vora Chambers, Ground Floor, 62 Nagindas Master Road, Fort, Mumbai - 400 001.
Tel: +91-22-2267 2124 / 5822 - Email: [email protected]
JEET MACHINE TOOLS LTD
Regd. Office: 25, Ambalal Doshi Marg Hamam Street, Fort, Mumbai – 400001 T : 022-22675720 / 22655782 E : [email protected] Website: www.jeetmachinetools.in CIN: L28900MH1984PLC032859
The meeting of the Board of Directors concluded at 6.50 p.m.
Kindly take the above information on your record and acknowledge.
Yours Faithfully,
For JEET MACHINE TOOLS LIMITED
Digitally signed by KAWALJIT KAWALJIT SINGH SINGH JAGJIT JAGJIT SINGH CHAWLA SINGH CHAWLA Date: 2025.02.14 18:58:05 +05'30'
KAWALJIT SINGH CHAWLA CHAIRMAN & MANAGING DIRECTOR DIN: 00222203 PLACE: MUMBAI
Corporate Address (Address of Communication) Parekh Vora Chambers, Ground Floor, 62 Nagindas Master Road, Fort, Mumbai - 400 001.
Tel: +91-22-2267 2124 / 5822 - Email: [email protected]
JEET MACHINE TOOLS LTD
Regd. Office: 25, Ambalal Doshi Marg Hamam Street, Fort, Mumbai – 400001 T : 022-22675720 / 22655782 E : [email protected] Website: www.jeetmachinetools.in CIN: L28900MH1984PLC032859
ANNEXURE A
Sale or Disposal of Property:
| Sr. No |
Particulars | Disclosures |
|---|---|---|
| 1 | Amount and percentage of the turnover or revenue or income and net worth contributed by such unit during the last financial year. |
Revenue from Unit for financial year 2023-24 is NIL but net worth contributed by unit during last financial year is 28.52%. |
| 2 | Date on which the agreement for sale has been entered into |
Agreement to sale will be executed after approval of Shareholders. |
| 3 | The expected date of completion of sale/disposal |
September 2025. |
| 4 | Consideration received from such sale/disposal |
The Consideration is of Rs. 4,68,27,364/- (Rupees Four Crore Sixty Eight Lakhs Twenty Seven Thousand Three Hundred Sixty Four Only) out of total consideration company has received Rs. 1,85,00,000/- (One Crore Eighty Five Lakhs Only). |
| 5 | Brief details of buyers and whether any of the buyers belong to Promoter/Promoter Group/Group Companies. If yes, details thereof |
Name of Buyer: ARA Builders Private Limited Buyer does not belong to Promoter/Promoter Group/Group Companies of Company. |
| 6 | Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arms length” |
Not applicable. |
| 7 | Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations. |
Company will take approval of Shareholders through Postal Ballot. |
Corporate Address (Address of Communication) Parekh Vora Chambers, Ground Floor, 62 Nagindas Master Road, Fort, Mumbai - 400 001. Tel: +91-22-2267 2124 / 5822 - Email: [email protected]
JEET MACHINE TOOLS LTD
Regd. Office: 25, Ambalal Doshi Marg Hamam Street, Fort, Mumbai – 400001 T : 022-22675720 / 22655782 E : [email protected] Website: www.jeetmachinetools.in CIN: L28900MH1984PLC032859
8 In case of a slump sale, indicative Not applicable. disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale
Tel: +91-22-2267 2124 / 5822 - Email: [email protected]
Corporate Address (Address of Communication) Parekh Vora Chambers, Ground Floor, 62 Nagindas Master Road, Fort, Mumbai - 400 001.
Regd. Office: 25, Ambalal Doshi Marg Hamam Street, Fort, Mumbai – 400001 T : 022-22675720 / 22655782 E : [email protected] Website: www.jeetmachinetools.in CIN: L28900MH1984PLC032859
JEET MACHINE TOOLS LTD
INTEGRATED FILING (FINANCIAL) FOR THE THIRD QUARTER AND THE NINE MONTHS ENDED 31[ST] , DECEMBER 2024.
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A. FINANCIAL RESULTS
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Enclosed.
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B. STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC.-
Not Applicable.
- C. FORMAT FOR DISCLOSING OUTSTANDING DEFAULT ON LOANS AND DEBT SECURITIES:
Not Applicable.
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D. FORMAT FOR DISCLOSURE OF RELATED PARTY TRANSACTIONS (applicable only for half yearly filings i.e., 2nd and 4th quarter): Not Applicable.
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E. STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS (FOR AUDIT REPORT WITH MODIFIED OPINION) SUBMITTED ALONGWITH ANNUAL AUDITED FINANCIAL RESULTS (Standalone ~~and Consolidated separately)~~ (applicable only for Annual Filing i.e., 4th quarter):
Not Applicable for current quarter ended December 31, 2024
Corporate Address (Address of Communication) Parekh Vora Chambers, Ground Floor, 62 Nagindas Master Road, Fort, Mumbai - 400 001.
Tel: +91-22-2267 2124 / 5822 - Email: [email protected]