Sri Nachammai Cotton Mills Approves ₹2.15 Crore Land Sale To Related Party

Board approved sale of 17.92 acres at K Krishnapuram Village, Palladam Taluk, Tiruppur District to Vanam Realty and Farmlands Pvt Ltd for Rs 2.15 Cr on Audit Committee recommendation. Purchaser is related party; deal subject to RPT approvals. Board notes no Sec 180(1)(a) shareholder approval needed as not sale of whole undertaking. MD P. Palaniappan authorised to finalise terms, execute deeds and receive consideration. Valuation basis, gain impact and timelines not disclosed.