Rajputana Stainless Limited has informed the Exchange about Memorandum of Understanding/Agreements
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Rajputana Stainless Limited has signed a Memorandum of Understanding to acquire land located at Village Padla, Taluka Shankheshwar, Dist. Patan, in Gujarat. The total consideration for the proposed acquisition is Rs. 18 Crores plus applicable stamp duty, with an advance of Rs. 10 Crores 45 Lacs already paid. The acquisition is subject to completion of due diligence, execution of definitive agreements, and any required statutory approvals. The company will make further disclosures once the definitive agreements are signed and the transaction is completed.
This is a land acquisition supporting the company's operational needs and possible capacity expansion. Since the deal is still at the MOU stage with conditions pending, there is no immediate material impact on shareholders until definitive agreements are signed and the transaction closes.