Subros Limited — Important, 27-12-2024: General Updates

Subros Limited has surrendered the leasehold rights to the Sanand plant's premises to Tata Motors Limited. This decision follows the company's relocation of its manufacturing operations to a new greenfield facility in Karsanpura, Gujarat, completed in 2020. The agreement for the sale was entered into on December 27, 2024, with the same expected completion date. Notably, this transaction will not impact the company financially, as the building and miscellaneous assets will be disposed of to a current lessee at a mutually agreed consideration, ensuring no adverse financial implications for Subros.