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With a prestigious brand position in the market, Standard Industries Limited has always been held as one of the premier companies to grace the industry, having over a hundred years of experience in various fields, including textiles and chemicals. We have always strived to be ‘nothing less than brilliant’ in delivering our customers with the best products.
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March 31' 2022
Standard Industries Limited (SIL) (Assignor) has entered into Supplemental MOU, Agreements, Deed of Assignment and other connected documents with Support Properties Private Limited  (SPPL) (Assignee) (K. Raheja Group Company) to transfer and assign unto them leasehold rights in 62.25 acres of the Company’s leasehold property situated at Plot No. 4, Trans Thane Creek Industrial Area in the villages of Ghansoli & Savali, Taluka Thane (“Property”), for an overall consideration of Rs. 427.33 crores (Rupees Four Hundred and Twenty Seven crores and thirty three lakhs only).
This transfer, assignment and consideration was subject to various conditions precedent getting satisfied (including approval of MIDC) and other terms and conditions specified in the MOU read with Supplemental MOU.
On receipt of approval dated 23rd March, 2022, from MIDC, a Deed of Transfer and Assignment Agreement (DTAA) dated 31st March, 2022 of Leasehold land in relation to the said property alongwith Power Sub-Station situated within the same Plot, was executed between SIL and SPPL for an overall consideration of Rs.  427.33 crores.
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