Indoco Remedies has informed that Board of Directors at its meeting held on 19th October, 2023 has considered and approved issuance of a Corporate Guarantee of Rs 17,00,00,000 in favour of Citibank N.A. in respect of working capital facilities availed by Florida Pharmaceutical Products LLC, step down subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.