Ahimsa Industries Limited — Others, 20-11-2024: Shareholders meeting

Ahimsa Industries Ltd. has announced a board meeting to seek shareholder approval for the sale of its property located at Devraj Industrial Park. The transaction with SAS TECHNOSUN LLP is valued at approximately ₹6 Crores, representing about 41.23% of the company's annual turnover for FY 2023-24. The remote e-voting for this postal ballot will commence on November 22 and conclude on December 21, 2024, with results expected on December 23, 2024. This move is aimed at generating funds for business expansion and operational improvements, potentially boosting investor sentiment due to its strategic nature.