Shah Alloys Limited — Board Meeting, 29-04-2025: Outcome of Board Meeting

Shah Alloys Ltd. has announced a board meeting outcome that includes approval for a ₹25 crore short-term loan from Lawrence Merchants Private Limited. The company will also open an escrow account with Kotak Mahindra Bank to secure its obligations under the loan agreement. Mr. Rajendrakumar Shah and Mr. Ashok Sharma have been authorized to execute necessary agreements related to these arrangements. This move reflects proactive financial management as the company secures additional funding to support its operations.