Original Deal Summary: The Board of Directors had approved acquisition of an additional 14.5% equity stake (14,500 equity shares) in Le Merite Tactical & Defence Solutions Private Limited (LMTDSPL) from Mr. Nand Nandan Sureka for a consideration not exceeding ₹1,45,000
Updated Status: Cancelled
Reason for Cancellation: Mr. Nand Nandan Sureka has expressed his unwillingness to proceed with the proposed sale and transfer of the shares
Financial Implication: No financial impact disclosed. The existing shareholding of the Company in LMTDSPL remains unchanged
Reference Regulation: SEBI Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
