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29/04/2024 12:11

Shradha Infraproject - Clarification

SHRADHA:The Exchange has sought clarification from Shradha Infraprojects Limited with respect to announcement dated 23-Mar-2024, regarding "" Shradha Infraprojects Limited has informed the Exchange regarding Board meeting held on March 23, 2024."". On basis of above the Company is required to clarify following as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, read with SEBI Circular dated July 13, 2023 : 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 ""arm's 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.