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Saturday, May 18, 2024    
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Damodar Industries Ltd - Damodar Industries Limited - Clarification     Back
(29 Apr 2024)
Damodar Industries Limited with respect to announcement dated 05-Feb-2024, regarding 'DAMODARIND : Damodar Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on February 05, 2024.'. On basis of above andáas per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, read with SEBI Circular dated July 13, 2023 the Company is required to clarify following: 1. The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year; 2. Date on which the agreement for sale has been entered into; 3. The expected date of completion of sale/disposal; 4. Consideration received from such sale/disposal; 5. Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof. 6. Whether the transaction would fall within related party transactions? If yes, whether the same is done at 'arms length'; 7. Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale. The response of the Company is awaited.
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