Steel Strips Infrastructures Ltd — Important, 05-06-2026: Company Update

STEEL STRIPS INFRASTRUCTURES LTD.

CIN : L27109PB1973PLC003232

Head Office :

SCO 49-50, Sector 26,

Madhya Marg, Chandigarh – 160019 (INDIA)

Tel : +91-172-2792385 / 2793112

Fax : +91-172-2794834 / 2790887

Email : ssl_ssg@glide.net.in

Website : www.ssilindia.net

Regd. Office : Vill. Somalheri/Lehi, P.O. Dappar, Tehsil Derabasi, Distt. Mohali, Punjab (India)-140 506

Tel. : #91 (1762) 275249, 275872, 275173 Fax : +91 (1762) 275228

Delhi Office : S-2, Second Floor, Vasant Square Mall, Community Center, Pocket V , Plot No. A,

Sector B, Vasant Kunj, New Delhi - 110 070, Phone-011-40000378, 377, 376

SSIL/2026/

June 5, 2026

THE DY. MANAGER

DEPTT. OF CORPORATE SERVICES

BSE LIMITED

PHIROZE JEEJEEBHOY TOWERS,

DALAL STREET, MUMBAI - 400 001.

Sub: Update/Intimation under Regulation 30 of SEBI (LODR), Regulations, 2015

Agreement to Sell and MOU for transfer of Management rights pertaining to

SAB Mall, NOIDA (U.P.)

Dear Sir/ Madam

Further to our letter dated 06.09.2025, we wish to inform you that:

a) The Company has received the balance consideration of Rs.2.25 Crore (Rs.1.00 Crore

towards management rights and Rs.1.25 Crore towards sale consideration) after

execution of addendum agreement to sell and MOU.

b) Transferred the management rights.

c) Handed over specified original title documents to the buyer as per the MOU.

d) The Sub-Lease Deed to be executed upon clearance of NOIDA Authority dues and

completion of related formalilies.

The proceeds will be utilized for payment of liabilities of the Company.

The details as required under Regulation 30 of the Listing Regulations, 2015 and the SEBI

Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are given in "Annexure -

1" to this letter.

Kindly take the above information on your record.

Thanking you,

Yours faithfully,

for STEEL STRIPS INFRASTRUCTURES LIMITED

(DEEPIKA GUPTA)

COMPANY SECRETARY & COMPLIANCE OFFICER

FCS-10991

Encl.: as above

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ANNEXURE-1

S.

No.

Disclosure Requirement Details

a)

The amount and percentage of the

turnover or revenue or income and net

worth contributed by such unit or division

or undertaking or subsidiary or associate

during the last Financial Year i.e.as on

31st March, 2026.

Rs.136.03 Lakhs/ (97.93%) revenue or income of the

Company is generated from Rental income, Hoarding &

Publicity charges, Parking area Receipts and

maintenance / Lease / Power backup charges received

by the Company at SAB Mall, Noida.

Nil contribution to Net Worth being a loss making

Company.

b)

Date on which the agreement for sale has

been entered into.

Addendum to agreement to sell was executed on 05/06/2026

for receipt of Rs.2.25 Crore (Rs.1.00 Crore towards

management rights and Rs.1.25 Crore towards sale

consideration)

c) The expected date of completion of

sale/disposal.

10/08/2026

However, in case, No Due Certificate/NOC or any other

permission from the NOIDA Authority is not received within

the stipulated time, then the buyer has the option to either

extend the time or to cancel the MOU & Agreement to sell.

d) Consideration received from such

sale/disposal.

Consideration amount of Rs.2.25 Crores will be received

by the Company as per details given below:-

M/s. SMC Enterprises Private Limited- Rs.1.25 Crores.

M/s Shubham Properties Private Limited- Rs.1.00 Crores

e)

Brief details of buyers and whether any

belong to promoter/promoter

group/group companies. If yes, details

thereof

The buyer is M/s. SMC Enterprises Private Limited of New

Delhi, which works predominantly in the logistics and supply

chain. Its main business activities include Supply Chain,

Warehousing, Real Estate, Commercial Real Estate,

Trading, etc.

Company has also entered into MOU with sister concern

of buyer i.e. M/s Shubham Properties Private Limited of

New Delhi, which works predominantly in the field of

management and owning of real estate. Its main business

activities include Real Estate, Commercial Real Estate, Real

Estate Management, etc.

The buyers are not related to the promoter/ promoter

group.

f)

Whether the transaction would fall within

related party transactions? If yes,

whether the same is done at “arm’s

length

No. The transaction would not fall within related party

transactions

g)

Whether the sale, lease or disposal of the

undertaking is outside Scheme of

Arrangement? If yes, details of the same

including compliance with regulation

37A of LODR Regulations.

Yes. The sale is outside the scope of a Scheme of

Arrangement.

h)

Additionally, in case of a slump sale,

indicative disclosures as provided for

amalgamation/merger shall also be

disclosed by the listed entity with respect

to such slump sale

Not Applicable.

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