Hindustan Motors Limited entered into an agreement with Indigenous Vanijya Private Limited on 6 October, 2023. Purpose of entering into the Plant is under suspension of work effective agreement May, 2014. The machineries lying at the Plant are getting deteriorated day by day due to natural wear and tear.

These are very old machineries and equipment which are obsolete and unserviceable/unusable. As a result of which the same cannot be further utilized and hence sold as scrap to generate fund for smooth running of the affairs of the Company. size of agreement The agreement involves an amount of INR 655.0 million (approx.) including all taxes.

Shareholding, if any, in the entity.