Hardcastle & Waud Mfg Co has informed that the Company’s Board of Directors has at its meeting held today, pursuant to approval granted to it by the members of the Company and by the Audit Committee of the Company, decided to grant unsecured loan(s) to Hardcastle Petrofer, a related party to the Company, of a sum not exceeding Rs 25 Crores (Rupees Twenty Five Crores) remaining outstanding at any point of time in one or more tranches. The meeting commenced at 4:00 pm and concluded on 4:30 pm.
The above information is a part of company’s filings submitted to BSE.
