This is to inform you that the Board of Directors of Vistar Amar Limited ('the Company'), at its meeting held on Wednesday 15th January, 2025 through video conference, has, interalia, on the recommendation of Audit Committee, approved the proposal(s) to acquire the Amar sterilised fish meal Unit located at Porbandar, Gujarat, owned by Amar Polyfils Private Limited, the Promoter Group of this Company, on a 'slump sale' basis (as defined under Section 2(42C) of the Income-tax Act, 1961) as a 'going concern' for an aggregate lump-sum purchase consideration of Rs. 1550 Lakhs, financed from the Right Issue proceeds, as detailed in the Letter of Offer dated 02nd December, 2024. The details, as required under SEBI (LODR) Regulations, 2015 are provided in "Annexure A'.The Board meeting commenced at 03:00 p.m. and concluded at 03:08 p.m. You are requested to take the same on records.
