Shree Ajit Pulp And Paper Ltd - Announcement under Regulation 30 (LODR)-Meeting Updates

In terms of the provisions of the Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of Shree Ajit Pulp and Paper Limited ('Company') at its meeting held today i.e. October 14, 2021 has approved and entered into a binding Term Sheet with N R Agarwal Industries Limited for purchase of Unit II situated at Plot No.1, Plot 1/B, Phase I, GIDC, Vapi- 396195, Dist. Valsad, Gujarat State comprising of identified assets being factory land, building, plant and machinery, licenses/permissions/approvals of Unit II and related regulatory deposits etc, subject to necessary Government/ Regulatory approvals and execution of Asset Transfer Agreement. <BR> <BR> The required disclosures pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, is attached as per 'Annexure A'.<BR>