Nitco Limited — Board Meeting, 31-01-2025: Outcome of Board Meeting

The Board of Directors of NITCO Limited has approved an inter-corporate loan of Rs. 20 crore to Nitco Realties Private Limited, a wholly-owned subsidiary. This unsecured loan will be executed in one or more tranches, with an interest rate of 8% per annum and a maximum tenure of three years. The funds are intended for the subsidiary’s business purposes. The agreement is executed at arm's length, affirming the ongoing strategic support between the parent and subsidiary entities.