Sandhar Engineering Ltd executes lease deed with GIDC

Sandhar Engineering Private Limited (Wholly-owned Subsidiary Company of M/s Sandhar Technologies Limited) has executed lease deed with Gujarat Industrial Development Corporation (hereinafter refereed as "GIDC") for the period of 99 (NinetyNine) Years, for the premises Plot No. 101/1+2/A at Halol-2 & Halol (Masawad) Industrial Estate, Taluka – Halol, Dist, Panchmahal, Gujarat, for the total consideration of Rs 4,25,61,302- (Rupees Four Crore Twenty Five Lakh Sixty One Thousand Three Hundred Two Only).

M/s Sandhar Engineering Private Limited (hereinafter referred as "SEPL"), entered into the License Agreement with GIDC for the aforementioned premises on 06th Day of October, 2022. Now, on the performance of the observance and conditions mentioned in the said License Agreement, GIDC has executed this lease deed in favor of SEPL.

Shares of Sandhar Technologies Limited was last trading in BSE at Rs. 478.75 as compared to the previous close of Rs. 470.50. The total number of shares traded during the day was 5827 in over 515 trades.

The stock hit an intraday high of Rs. 485.25 and intraday low of 469.00. The net turnover during the day was Rs. 2780025.00.

Source : Equity Bulls

Keywords

SandharTechnologies INE278H01035 SandharEngineering LeaseDeed GIDC