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Xchanging Solutions informs about partial repayment of loan

21 Jun 2023 Evaluate

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Xchanging Solutions has informed that the Company had earlier given an unsecured loan of USD 37,929,097 (INR 1,728,289,691) during the Financial Year 2002 to 2008 to Xchanging Solutions USA Inc, wholly owned subsidiary (‘XSUI’) which has been considered as provisions INR 1,728,289,691 in the books of the Company. Further, XSUI has informed the Company that they have initiated the partial repayment of USD 22,559,096 of the above said unsecured loan. Hence, the provision made for the unsecured loan shall be reversed to the extent of the amount of repayment. The aforesaid amount would be received in INR currency and the same will be communicated once the amount is credited into the Company’s account. The details of the loan repayment are attached. 

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

Xchanging Solutions Share Price

64.07 -1.50 (-2.29%)
20-Apr-2026 16:59 View Price Chart
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