Prakash Constrowell Disinvests 51 % Stake In Jaikumar Real Estate

Prakash Constrowell Limited inform's that the Board has disinvested stake of 51% shares in subsidiary Jaikumar Real Estate Private Limited (JREPL). Detailed information is annexed below:

The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial yearRevenue contributed by JREPL in company's Consolidated Revenue (FY 2016.17) is 0.22 % and Net worth contributed in Consolidated Net worth is 0.005 %Date on which the agreement for sale has been entered31.12.2017The expected date of completion of sale/disposal22.02.2018consideration received from such sale/disposalRs. 54,57,000/-Details of buyersPrakash P. Laddha (Promoter )Whether transaction is falling in Related Party transaction /If yes, made on Arm's length basisThe transaction is based on Valuation Report provided by Chartered Accountant; falls in criteria of Related Party Transaction and same is made on arm's length basis.

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Prakash Constrowell Disinvests 51 % Stake In Jaikumar Real Estate

The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year	Revenue contributed by JREPL in company's Consolidated Revenue (FY 2016.17) is 0.22 % and Net worth contributed in Consolidated Net worth is 0.005 %
Date on which the agreement for sale has been entered	31.12.2017
The expected date of completion of sale/disposal	22.02.2018
consideration received from such sale/disposal	Rs. 54,57,000/-
Details of buyers	Prakash P. Laddha (Promoter )
Whether transaction is falling in Related Party transaction /If yes, made on Arm's length basis	The transaction is based on Valuation Report provided by Chartered Accountant; falls in criteria of Related Party Transaction and same is made on arm's length basis.