Universal Autofoundry Limited (BSE:539314) signed share purchase agreement to acquire 5% stake in Indian Metalfoundry Institute Private Limited from Nivedita Ravindra Sarda on January 20, 2018. The Board of Directors of Universal Autofoundry Limited approved the transaction. Universal Autofoundry Limited (BSE:539314) cancelled the acquisition of 5% stake in Indian Metalfoundry Institute Private Limited from Nivedita Ravindra Sarda on January 20, 2019.