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Nitco Ltd. Capital/Financing Update 2024

Jun 13, 2024

62410_rns_2024-06-13_fd0c3b57-cbd5-41c9-8272-d9c55f185767.pdf

Capital/Financing Update

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Corporate Service DepartmentBSE LimitedJeejeebhoy TowersDalal Street,Mumbai - 400001Script code: 532722 The Listing DepartmentNational Stock ExchangeofIndiaLimitedExchange Plaza, Bandra Kurla Complex, Bandra(E),Mumbai - 400051Script code: NITCO

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Sr.No. Particulars DetailsConsideringthattheproposedsaleisofanasset, thesaiddetails arenotapplicable.The definitive documents shall be signedinduecourse of time.The expecteddateof completion ofsale/disposal iswithinthree months,subjecttofulfillmentofconditionsprecedent.The totalagreedconsideration includesmonetaryconsiderationofRs.232,00,00,000/- (Rupees TwoHundredandThirty-TwoCrores only)andnon-monetary considerationinform of officespaceintheproposedproject tobedevelopedbythebuyer.RunwalConstruction Private LimitedNO DetailsConsideringthattheproposedsaleisofanasset, thesaiddetails arenotapplicable.The definitive documents shall be signedinduecourse of time.The expecteddateof completion ofsale/disposal iswithinthree months,subjecttofulfillmentofconditionsprecedent.The totalagreedconsideration includesmonetaryconsiderationofRs.232,00,00,000/- (Rupees TwoHundredandThirty-TwoCrores only)andnon-monetary considerationinform of officespaceintheproposedproject tobedevelopedbythebuyer.RunwalConstruction Private LimitedNO
1. Theamountandpercentage of theturnoverorrevenueorincomeandnetworth, contributedbysuchunitordivisionorundertaking of the listed entityduring the last financialyear;
2. Dateonwhich the agreement for sale hasbeenenteredinto;
3. The expected date of completion ofsale/disposal;
4.5.6.7.8. Considerationreceivedfromsuchsale/disposal;
Brief details of buyer
Whetheranyof thebuyersbelong to thepromoter/promotergroup/groupcompanies.Ifyes,details thereof;
Whether the transactionwouldfall withinrelatedpartytransactions?Ifyes, whetherthe same isdoneat_/1_arm'slength"; NO
Whether the sale, leaseordisposal of theundertakingisoutsideSchemeofArrangement?Ifyes, details of the sameincluding compliancewithregulation 37 AofLODR Regulations Theproposedsale of land, as detailedabove,isoutsidetheSchemeofArrangement.
Additionally,incase of aslumpsale,indicativedisclosuresprovidedforamalgamation/merger,shall be disclosedbythe listed entitywithrespect to suchslump sale; NotApplicable

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