JTL Industries Limited has entered into a joint venture agreement with Singla Constructions Limited to jointly participate in a tender issued by Indian Railways. The collaboration does not involve any shareholding between the parties, ensuring a straightforward agreement.
Key Highlights:
- Purpose: To jointly bid for an Indian Railways tender.
- No Shareholding: Neither party holds shares in the other, and the agreement does not grant special rights such as appointing directors or restricting capital structure changes.
- No Related Party Transaction: The transaction does not fall under the related party category and is conducted at arm’s length.
- No Conflict of Interest: The agreement ensures no potential conflict of interest, aligning with corporate governance norms.
This joint venture marks a strategic move by JTL Industries to expand its involvement in significant infrastructure projects in collaboration with reputed partners.
