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Mount Shivalik Industries Ltd.

BSE: 507522 Sector: Consumer
NSE: N.A. ISIN Code: INE410C01019
BSE 00:00 | 24 Apr Mount Shivalik Industries Ltd
NSE 05:30 | 01 Jan Mount Shivalik Industries Ltd

Sell Of Old And Used Equipment Of The Restaurants To The Mount Shivalik Hotels & Resorts Pvt Ltd.

January 27, 2020, 6:14 pm | Source: BSE

Pursuant to the regulation 30 of the SEBI (Listing Obligations and Disclosure requirements) regulations 2015 we wish to inform you that after the approval of Committee of Creditors in its meeting held on 26.12.2019 the old and used equipment of the Restaurants is being sold to the Mount Shivalik Hotels & Resorts Pvt Ltd (a related party) on the fair value.

The sale of assets to related party has been duly approved by the COC and the Resolution Applicant.

Kindly take the above on your records.