26-Oct-2026 13:20:06

PANASONIC ENERGY : BOARD APPROVES TRANSFER OF MAKARPURA LEASEHOLD RIGHTS

• Board approved transfer/assignment of leasehold rights in GIDC industrial plot at Makarpura, Vadodara-390010 • Transfer is to an identified buyer, subject to GIDC and other requisite approvals, permissions, consents, sanctions and NOCs • Company may terminate under definitive agreements on buyer default, breach or non-fulfilment of conditions • Property does not qualify as an "undertaking" under Section 180(1)(a), so shareholder approval not required on this ground Impact: Neutral (No deal value or buyer identity disclosed; completion subject to regulatory approvals)

Panasonic Energy India Company Ltd-$

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