Mid India Industries Limited announced regarding discontinue of Agreement entered into by Company to Leased out Factory and Plant & Machineries of the Company to TDB Spinners Private Limited. Agreement has been discontinued, effective May 1, 2023 by way of mutual consent of both the parties that company may initiate the working on real estate business or may be use for godown purpose. Major impact will be loss of lease rent only.

Date of execution of the agreement: February 1, 2019.