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| Exchange Received Time 26/04/2018 12:27:36 Exchange Disseminated Time 26/04/2018 12:27:40 Time Taken 00:00:04 | Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform you that the Legal, Banking and Finance Committee of the Board of Directors of the Company, in its meeting held on 25th April 2018 had considered and approved the proposal to avail a term loan of Rs. 70.00 crores from Bajaj Finance Limited for the purpose of procuring the Machinery for the manufacture of Axles Shafts for LCV's, Small Pick ups and SUV's at its upcoming new unit at Gulabgarh Dist. Kapurthala. The factory building and shed for this Unit has already been erected.
This is for your information and record.
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