RE: Fair value24 Jun 2024 09:09
Well spotted deck!!!
To,
National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex,
Bandra (E), Mumbai - 400051
Script Symbol: Owais
Sub: Intimation of our promotor for successfully Declared as a Preferred Bidder of Gold Mine.
Regulation: Intimation under Regulation 30 of SEBI LODR Regulations.
We are thrilled to announce that our Managing Director and Promoter, Mr. Saiyyed Owais Ali, has been declared the Preferred Bidder for the Bhukia-Jagpura Gold Mining Lease Block in the Banswara district of Rajasthan. We are pleased to share this significant progress in our operations.
*Prominent Achievement:* Mr. Saiyyed Owais Ali (MSTC Regn. Number: 502742), Director of Owais Metal and Mineral Processing Limited, has successfully submitted the Highest Final Price Offer positioning us as the Preferred Bidder for the block.
Bhukia-Jagpura Gold Mining Lease Block is one of India's biggest gold mining blocks, drawing significant attention due to its substantial gold reserves. It is estimated to contain considerable gold deposits, making it one of the largest and most lucrative gold mining lease blocks in the country.
The forward e-auction of the block was held on 16th May, 2024 on MSTC's e-auction portal, pursuant to the Notice Inviting Tender dated 6*' March, 2024 issued by the Government of Rajasthan.
This prestigious achievement underscores our commitment to expanding our mining operations and significantly contributing to India's gold production. Securing one of India's largest and most lucrative gold mining blocks will:
*Boost Production Capacity:* Position us to significantly enhance our production capacity.
*Strengthen Market Presence:* Strengthen our presence in the market.
*Support Strategic Goals:* Align with our strategic goals of sustainable growth and long-term value creation for our stakeholders.
We will keep our stakeholders updated with further developments and extend our heartfelt gratitude for your continuous support. We look forward to sharing more positive news in the near future.
Thanking you,
Yours faithfully,
For Owais Metal and Mineral Processing Limited
Saiyyed
Digitally signed by
Owais Ali 2306-7705528
Mr. Saiyyed Owais Ali
Managing Director
DIN: 08291144
+91 8120211117