Board of JMT Auto approves sale of non-core assets
At meeting held on 18 January 2021The Board of JMT Auto on 18 January 2021 has decided to sell a few non-core assets of the Company comprising vacant Industrial plot, a few Residential flats and other plots of land. The total value of the asset being less than 5% of the total Net Worth of the Company as per the last Financial Year 2019 -20. Net Blook of Assets as on 31 March 2020 - Rs 112.35 crore Value of Assets proposed to be sold - Rs 5.07 crore Percentage of Assets proposed to be sold of the Net Block of Assets - 4.52% The proceeds of the sale are to be used mainly to reduce the debt of...