Tokyo Plast Approves Sale of Immovable Property and Convening of EGM
Tokyo Plast board approves sale of property for ₹15.01 crore, pending shareholder approval at EGM on December 10, 2025.
The sale of a significant asset representing approximately 20% of the company's net worth could have a notable impact on the company's financials and operations. Requires shareholder approval.
The announcement conveys factual information regarding the sale of property and the convening of an EGM. No positive or negative emotions are expressed.
* Approved the sale of immovable property at Andheri (East), Mumbai, admeasuring approximately 817.50 sq. metres to M/s Afitaplus Ventures LLP for a total consideration of ₹ 15.01 crore. * The sale is subject to shareholders' approval via a special resolution. * An Extraordinary General Meeting (EGM) will be convened on 10 December 2025 at 12 p.m. through Video Conferencing to seek members’ approval for the property sale.
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Tokyo Plast International Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Tokyo Plast International Limited. Read the original for the full detail.