Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IFB Industries has informed that the Company has made prepayment of Rs 22.91 Crores out of term loan of Rs 70 Crores from DBS Bank India. The said loan was taken for Engineering Division of the Company.
The above information is a part of company’s filings submitted to BSE.