Utssav CZ Gold Jewels Limited — Board Meeting, 21-12-2024: Outcome of Board Meeting

The Board of Directors of Utssav CZ Gold Jewels has convened a meeting where they resolved to avail a gold metal loan on a revolving basis from ICICI Bank, not exceeding ₹15 crores, secured against a fixed deposit. The authorized directors are empowered to finalize the terms and conditions with the bank, execute necessary documents, and handle all related operations effectively. Additionally, the execution of a recent credit arrangement letter dated November 29, 2024, was ratified. This strategic move is aimed at enhancing liquidity and operational flexibility for the company.