Agreement Details

  • Parties to agreement: Fluidomat Limited and Gajra Bevel Gears Limited (CIN: L34300MP1974PLC001598)
  • Nature of agreement: Purchase of 2000 sq. mt. semi built-up tin shed developed on 22942 sq. mt. industrial lease hold land
  • Property location: 7A, I.S. Gajra Industrial Area 1, A. B. Road, Dewas (M.P.), adjoining to company's existing plant area
  • Date of execution: January 9, 2025
  • Authorized signatory: Mr. Shashwat Garg, director (DIN: 09854944)

Cancellation Details

  • Cancellation date: July 20, 2026 (disclosure date)
  • Reason for termination: Exceptional and prolonged delays in obtaining requisite regulatory approvals from the Department of Trade and Industries, Dewas (M.P.), rendering the project commercially unviable
  • Cancellation method: Mutual consent between parties

Financial Impact

  • Advance amount paid: ₹21,00,000 (Rupees Twenty-One Lakhs only)
  • Refund status: Full amount of ₹21,00,000 has been refunded by Gajra Bevel Gears Limited
  • Material impact: No material impact on the Company's financial performance or ongoing business operations

Operational Context

The Company's ongoing expansion project has already commenced on two acres of Company-owned land, as previously intimated to the Stock Exchange.