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AUTOLINE INDUSTRIES LTD. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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22 Dec 2020
Cancellation of Agreement &lt;BR&gt; &lt;BR&gt; Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform that an Agreement was entered between the Company, its subsidiary Company Autoline Industrial Parks Ltd. (&apos;AIPL&apos;) and Poddar Habitat Pvt. Ltd. a subsidiary of Poddar Housing and Development Ltd.(&apos;Developer&apos;) on September 24, 2018 to build an affordable housing project on land parcel admeasuring 102.50 Acres of AIPL, the said Agreement has been cancelled by the parties mutually on December 21, 2020 on account of veritable stalemate is created amongst the parties. &lt;BR&gt; &lt;BR&gt; The subsidiary company is in discussion with other prospective buyers/investors for development of commercial projects on the land. &lt;BR&gt;
View all announcements for AUTOLINE INDUSTRIES LTD. Source: BSE India