Richa Industries Limited has issued a Letter of Intent (LOI) to Sh.

Narendra Kumar Srivastava, representing a consortium, for the acquisition of the company's entire assets as a going concern.

This LOI follows an auction process conducted during the company's liquidation, which received approval from the Stakeholders Consultation Committee after a thorough evaluation of various interested parties.

This development signifies a crucial step towards the potential resolution of the company's liquidation process, outlining a clear path forward for its assets and operations.

Further updates on this matter will be communicated as the process progresses.