W S Industries India enters into agreement to transfer Vizag unit for Rs20.85 crore

25 Mar 2022 , 11:26 AM

W S Industries (India) Ltd has informed to the exchanges the the Board meeting was held on March 24, 2022 to review the operations of the company.

As per regulatory filing,  Pursuant to approval of the Shareholders through Postal Ballot Notice dated April 26, 2019 and its result dated June 08, 2019, the company has entered into definitive agreements on March 24, 2022 with Winwin Speciality Insulators Limited for the transfer of Vizag Unit / Plant / Undertaking for a consideration of Rs20.85 crore.

On Friday, the trading account of W S Industries has been restricted on account of GSM. The stocks were last trading flat at Rs11.43 per piece on Sensex.