The Company has informed that the Board of Directors has decided to sell 402.34 decimal land (Book Value Tk. 63,891,592.00) at Khalia, Dhamrai, Dhaka and 767.25 decimal land (Book Value Tk. 121,839,300.00) at Khulla, Dhamrai, Dhaka and subsequently purchase land adjacent to IFAD Autos Limited's assembly unit. The detailed proceed of sale will be notified after its execution.