Corporate Announcement
Security Code : 535602    Company : SHARDAMOTR    
 
Announcement under Regulation 30 (LODR)-Updates on Joint VentureDownload PDF Download XBRL
  Exchange Received Time  12/06/2019 19:35:33         Exchange Disseminated Time   12/06/2019 19:35:39              Time Taken   00:00:06
In furtherance to our Letter No. SMIL: BSE/NSE: 19-20/1604, dated 16th April, 2019, whereby we have intimated that in pursuance of Joint Venture (JV) Agreement the Company has purchased its 50% share (5,000 shares of Rs. 10 each) in the proposed JV Company i.e. Exhaust Technology Private Limited (ETPL) and an equal stake shall be brought by the Eberspaecher Exhaust Technology International GmbH (JV Partner or EET) in due course of time, the Company do hereby submit that JV Partner acquired / bought its 50% share (5,000 shares of Rs. 10 each) in ETPL, accordingly the ETPL becomes the JV Company of EET and Sharda Motor Industries Limited.

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