Ind-Swift Laboratories Limited — Important, 28-03-2025: Disclosure of material issue

The Investment Committee of IND-SWIFT LABORATORIES LTD has approved a short-term advance of up to Rs. 20 Crore as an Inter-Corporate Deposit to Ashok Investors Trust Limited, a registered NBFC. The agreement allows for a term of 30 days, with the possibility of a rollover, and an interest rate set at 10% per annum, backed by post-dated cheques.

This move may enhance liquidity for IND-SWIFT while providing a short-term investment opportunity with a reasonable return. The transaction is not related to promoters or their group companies, which may be viewed positively by investors, indicating strong governance practices. Overall, this action could contribute to a positive outlook for the company, given the strategic use of financial instruments to manage cash flow effectively.