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Kaya Ltd - Intimation Under Regulation 30 Read With Schedule III Of SEBI (Listing Obligation And Disclosures Requirements) Regulations, 2015.
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08 Jun 2021
We would like to inform you that Kaya Middle East DMCC (&apos;DMCC&apos;) the wholly owned subsidiary of the Company, is transferring the business under Minal Medical Centre LLC, Sharjah, subsidiary of DMCC to an entity to be incorporated in Dubai under the name M M C Skin Care LLC, Dubai, (proposed name), which would also be a subsidiary of DMCC. &lt;BR&gt; &lt;BR&gt; This transfer of business is to counter the operational and regulatory challenges faced by the business in Sharjah. The relocation is within the radius of 10kms, however, in a different Emirate. The existing assets &amp; liabilities of Minal Medical Centre, LLC Sharjah would be transferred to the new entity being incorporated in Dubai and shall be operated with the existing resources and equipment. &lt;BR&gt; &lt;BR&gt; The transfer would be completed in two parts, viz.,&lt;BR&gt; &lt;BR&gt; a. Incorporation of M M C Skin Care LLC, Dubai (Annexure &apos;A&apos;) and&lt;BR&gt; b. Winding up of Minal Medical Centre LLC, Sharjah. (Annexure &apos;B&apos;)&lt;BR&gt; &lt;BR&gt; &lt;BR&gt;
View all announcements for Kaya Ltd Source: BSE India