KNR Constructions has informed about clarification on certain information being circulated in social media regarding ‘Promoters of Company taking large interest free loan from the Company’. The company has clarified that the promoters have extended unsecured loan of Rs 214.08 Crore to the Company, at the interest rate of 8.45 percent per annum to defray the term loan of one of the SPY. There are no loans and advances given by the Company to promoters.

The above information is a part of company’s filings submitted to BSE.

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