Sandhar Technologies has informed that Sandhar Auto Casting (SACPL), a wholly owned subsidiary of Sandhar Technologies (STL) had got the following sanction from ICICI Bank: INR 20,00,00,000 (Rupees Twenty Crore), Working Capital Demand Loan(WCDL), with an interest rate ‘I-MCLR-6M’ + ‘Spread’. As on dated the IMCLR-6M is 8.90 % and Spread is 0.0%; INR 10,00,00,000 (Rupees Ten Crore), Rupee Term Loan, with an interest rate ‘IMCLR-1Y+ ‘Spread’. As on date the I-MCLR-1Y is 9.0 % and Spread is 0.0%. Sandhar Technologies is extending a corporate guarantee on behalf of SACPL for INR 30,00,00,000 (Rupees Thirty Crore), as against the above mentioned Loans. In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) read with circular issued by the Securities and Exchange Board of India vide no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The above information is a part of company’s filings submitted to BSE.
