Everlon Synthetics Limited board approves disposal of assets at Dadra, Silvassa

The Board of Directors of Everlon Synthetics Limited at its Meeting held today i.e. July 21, 2021, approved the sell / transfer / dispose-off the whole, or substantially the whole of the Land, Buildings, and P1ant and Machinery, other assets and Capital work in progress valued at Rs. 3,80,00,000/- lying at manufacturing facilities of the company situated at Plot No.265/7/1, Demni Road, Dadra - 396191, Silvassa, (Union Territory of Dadra & Nagar Haveli) ("Undertaking") on a slump sale basis as going concern and on an "as is where is" basis as per Section 180(l)(a) of the Companies Act 2013 and the Rules made thereunder to Vishnu Laxmi Textiles Industries Private Limited, subject to requisite statutory approvals.

The consideration to be received from the sale would be Rs. 5,21,00,000/- (Rupees Five Crore Twenty One Lakh only).

Shares of EVERLON SYNTHETICS LTD. was last trading in BSE at Rs.14.5 as compared to the previous close of Rs. 15. The total number of shares traded during the day was 111 in over 12 trades.

The stock hit an intraday high of Rs. 15 and intraday low of 14.25. The net turnover during the day was Rs. 1648.

Source : Equity Bulls

Keywords