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Hindustan Everest Tools on Friday informed the exchanges that its board of directors will meet on June 9 to consider and approve proposals for the sale of the entire land of its sole manufacturing plant at Sonepat (Haryana). The company had already informed the BSE regarding closure of manufacturing activities and the sale of product brand ‘Everest’ as the board felt that the existing business activities were unviable.
Borrowing in excess of paid up share capital and free reserves and the creation of charge and/or mortgage in respect of borrowings in excess of paid up share capital and free reserves to the extent of Rs 20 crore.
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