Thaai Casting Limited — Board Meeting, 07-12-2024: Outcome of Board Meeting

The Board of Directors of Thaai Casting Limited has approved a corporate guarantee of up to ₹12.50 Crore in favor of The Federal Bank Limited. This guarantee will secure a loan facility of the same amount for its wholly-owned subsidiary, Thaai Induction and Nitriding Private Limited. This decision is expected to strengthen the financial support for the subsidiary, which is fully owned by Thaai Casting. The approval reflects a commitment to bolstering operational capabilities and potential growth within the group.