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Indoco Remedies informs about corporate guarantee

05 Apr 2024 Evaluate

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indoco Remedies has informed that the Committee of Executive Directors at its meeting held on 05th April, 2024 approved the Corporate Guarantee upto a maximum principal amount of Rs 25 Crores in favour of HDFC Bank in respect of the Loan/Credit Facilities to be availed in tranches by Warren Remedies, wholly owned subsidiary of the Company. The Committee Meeting commenced today at 3.00 pm and concluded at 3.30 pm. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023 are mentioned in Annexure ‘A’.

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

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