Ucal has informed that, the Board of Directors, at its meeting held on 25th September 2023 has taken the following decisions: With the recommendation of the Audit Committee has approved the availing of an unsecured loan from wholly owned subsidiary Ucal Polymer Industries for Rs 7 Crore and with the recommendation of the Audit Committee has approved the availing of an unsecured loan from one of the promoter group company Southern Ceramics for Rs 5 Crore. The disclosure as required under Regulation 30 of SEBI LODR, 2015 with respect to disclosure of events specified in Para B of Part A of Schedule III, based on application of the guidelines for materiality under Sub-Regulation 4 of the said Regulation read with SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023 is enclosed. The meeting of Board of Directors commenced at 08.45 am and concluded at 9.25 am.
The above information is a part of company’s filings submitted to BSE.
