AI assistant
Ponni Sugars (Erode) Ltd. — Capital/Financing Update 2025
Feb 24, 2025
62371_rns_2025-02-24_77c4d7a1-febb-4daf-9193-181ed8815e21.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [429 x 84] intentionally omitted <==
PEL/ SH/ 21
February 24, 2025
National Stock Exchange of India Ltd Exchange Plaza 5[th] Floor, Flat No.C/ 1 G Block Bandra-Kurla Complex Bandra East, Mumbai 400 051 Scrip code: PONNIERODE
BSE Ltd Phiroze Jeejeebhoy Towers Dalal Street Fort Mumbai 400001 Scrip code: 532460
Dear Sirs,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015
The Company bid for acquiring a 50 tcd jaggery manufacturing unit located near Arachalur in Erode District in response to sale notice issued by Canara Bank under SARFAESI Act. We have by sale intimation letter dated 24.02.2025 been informed by Canara Bank that our bid for Rs.4.6 crores has been accepted.
The acquisition is aimed at product diversification and at its current capacity may have no material bearing on the overall production or turnover of the company.
This information is furnished in deference to Regulation 30 of the SEBI (LODR) Regulations, 2015 that may be taken on record.
Thanking you
Yours faithfully For Ponni Sugars (Erode) Ltd
RANGAVITTAL Digitally signed by RANGAVITTAL MADHUSUDH MADHUSUDHAN Date: 2025.02.24 14:31:32 AN +05'30'
R Madhusudhan Company Secretary & Compliance Officer