Uni Abex board approves Thane land sale

Uni Abex Alloy Products Limited’s board of directors approved the sale of company land located in Thane, specifically at Mouje Majiwade, Taluka and Sub-District Thane. The property comprises Survey Nos. 318/3, 319/3, 320, and 321/1.

The company is in final negotiations with prospective buyers, and the board has granted its director/s authority to proceed with these discussions. The proposed sale is contingent upon successful due diligence and securing all requisite regulatory approvals. Uni Abex will provide updates to the exchange regarding developments in the matter, in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Further details regarding the outcome of the meeting are accessible on the company's official website. The announcement was signed by Bhautesh Shah, company secretary & compliance officer.