Prabhu Steel Industries Ltd

🏗️ Prabhu Steel Enters Strategic Real Estate Partnership

• Prabhu Steel Industries Limited entered into a strategic partnership with Swarneem Properties LLP.

• The partnership focuses on real estate development activities including acquisition, development, construction, marketing, and sale/lease of residential and commercial projects.

• Prabhu Steel will hold a 50% partnership interest with a profit/loss sharing ratio of 1:1.

• The company will contribute ₹25,000 as capital/financial commitment towards the partnership.

• Swarneem Properties LLP is not a related party, but after this arrangement, it will be considered a related party.

• The partnership is structured as an arm's length transaction.