Supreme Power Equipment Limited — Board Meeting, 28-03-2025: Outcome of Board Meeting
28-03-2025 · 06:37 pm
The Board of Directors has approved a corporate guarantee of up to ₹14.70 Cr in favor of IndusInd Bank to secure a loan facility of the same amount for Danya Electric Company, a partnership where the company holds a 90% share. This decision, supported by the Audit Committee, aims to enable the partnership firm to raise necessary financial resources for its principal business activities. The corporate guarantee represents a contingent liability for the company.
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