Nirlon has informed that the Board of Directors of the Company, at its meeting held on March 25, 2022, has granted its approval for the Company to avail Loan / Credit Facilities from The Hongkong and Shanghai Banking Corporation (HSBC) for an aggregate sum of up to Rs 12,300,000,000. The proceeds from the said Loan/ Credit Facilities will be used to repay the existing Loan availed by the Company from HDFC along with attendant pre-payment charges and other re-financing costs. The Company shall intimate the stock exchange with information as required by SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 upon execution of the loan agreement with HSBC. This intimation is being given in accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.
The above information is a part of company’s filings submitted to BSE.