ICDS Limited — Important, 10-03-2025: Updates

The Board of Directors of ICDS Limited has approved an inter-corporate loan of up to ₹5 Crore to Manipal Energy and Infratech Limited. This unsecured loan, set at an interest rate of 12% per annum, is repayable within 12 months from the date of disbursement. There are no special rights granted, and the transaction is not classified as a related party transaction, ensuring transparency. This loan is anticipated to bolster Manipal Energy's operational capabilities, presenting a positive outlook for both entities involved, as they pursue strategic growth. Shareholders should monitor any advancements in this partnership closely for potential impacts on ICDS's future performance.