The Board considered sale of old equipments and vehicles and authorized the Chief Executive Officer and Chief Financial Officer to execute sale of the old equipments and vehicles strictly in ....
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The Board of Directors of K&R Rail Engineering Limited, at its meeting held on September 20, 2025, approved the sale of old equipment and vehicles. The Board authorised the Chief Executive Officer and Chief Financial Officer to execute the sale. The transaction will be carried out strictly in compliance with SEBI LODR Regulations (Regulation 23) for related party transactions, as per the SEBI Circular dated June 26, 2025. The meeting lasted 30 minutes, from 10:30 AM to 11:00 AM. No specific buyers, values, or asset details were disclosed in the filing.
This is a routine disposal of ageing/old assets and is unlikely to have any material impact on the company's financials or shareholder value. Investors should watch for further disclosures if the sale crosses materiality thresholds under related party norms.