Polychem Ltd — Others, 29-07-2025: Others

Polychem Limited's Board has approved the sale of land and a factory building by its material subsidiary, Gujarat Poly Electronics Limited (GPEL), to Tirex Transmission Private Limited for 29.00 Cr. This property sale pertains to GPEL's entire operational base, which contributed 17.79 Cr to its turnover last financial year. Crucially, GPEL has arranged to relocate its operations, ensuring no adverse impact on its turnover. An Extra-ordinary General Meeting will be held on September 1st to seek shareholder approval for this significant transaction, which aims to streamline assets and ensure continued business efficiency for GPEL.