Intec Capital has informed that the Board of Directors of the Company in its meeting held today Monday, September 25, 2023, considered, approved and authorized the Board for availing the credit facilities up to Rs. 32 Lacs from Modern Credit, a related party of the Company. Further informed that the Related Party Transaction is not a material Related Party Transaction as per the provisions of the Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting commenced at 12:00 pm (IST) and concluded at 12:12 pm (IST).
The above information is a part of company’s filings submitted to BSE.