D & H India Limited has made a regulatory disclosure pursuant to Regulation 30 read with sub-clause 5 of Para B of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 regarding the execution of an agreement to acquire leasehold industrial land.
The company was in search of leasehold industrial land for its business uses and has now executed an agreement for acquisition. This acquisition aligns with the company's long-term expansion strategy and is expected to strengthen/augment its operational capabilities. The acquisition will enhance the company's ability to undertake capacity expansion, diversify its product portfolio, and support future business opportunities.
Transaction Details:
- Property Details: Leasehold Industrial Land having Plot no. UD-04, admeasuring 70,094.00 Square Meters at Mohana Industrial Park, district Indore, Madhya Pradesh
- Counterparty: DP Polymers & Chemicals Private Limited
- Purpose: Acquisition of Lease Hold Industrial Land for business use
- Consideration: ₹18.00 Crore (Rupees Eighteen Crore)
- Shareholding Relationship: Nil shareholding in the entity with whom the agreement is executed
- Seller Relationship: None of the sellers belong to the promoter/promoter group/group companies
- Related Party Transaction: The transaction does not fall within related party transactions
- Scheme of Arrangement: The acquisition is not part of any Scheme of Arrangement