S Chand And Company has informed that the Board of Directors at its meeting held on Wednesday, December 19, 2018 which commenced at 11:00 A.M. and concluded at 2:30 P.M., considered and approved the term loan upto an amount of Rs 65.00 crores from Axis Finance Limited. The details of the same are enclosed as Annexure-A; and considered and approved the Corporate Guarantee in favour of HSBC Bank against the working capital facilities sanctioned to Vikas Publishing House (a wholly owned subsidiary of the Company) upto an amount of Rs 10.00 crores. The details of the same are disclosed in Annexure-B.
The above information is a part of company’s filings submitted to BSE.
