Real Realty Management Company said that it has received an approval for sale of Windsor Wood project though slump sale to Woodcraft Realty LLP.
"The Board of Directors have approved, to sale the Windsor Wood project (being Plot No. 1 adm. 12535-65 5q. Mtrs., with apartment building thereon, area known as "Windsor Wood" of Revenue Survey No. 37 paiki 1 paiki 2, of Village: Jivapar (Baa), Taluka: Chotila, Dist.: Surendranagar) with all assets & liabilities, through process of slump sale, to M/s. Woodcraft Realty LLP, and necessary Agreement to Sale has been executed," the company said in a filing to the Bombay Stock Exchange.
The necessary approval of the shareholders of the company is being sought through postal ballot mechanism, and final sale agreement will be executed only after obtaining approval of shareholders in this regard.
Meanwhile, shares of the company were trading at Rs 5.41 a piece, down 4.92 per cent from the previous close at 10:17 hours on BSE.