Transchem has received an approval to provide inter corporate loan to one or more entity who is not related party for aggregate amount not exceeding 60% of the paid-up capital and free reserves of the company at rate not being less than prevailing government security rate and constitutes a committee to decide on the matter. The board of directors at its meeting held on September 4, 2017 has approved for the same.
Transchem is an India-based company engaged in mushroom production and processing. The company has its mushroom plant at village Talegaon, Taluka Maval, Pune.
