Shivam Autotech has informed that it has conducted a Meeting of Board of Directors of the Company today as scheduled and the Board has confirmed and approved the availing of Corporate Term Loan of Rs. 40.00 crores for Part-Refinancing of Existing Term Debt & Shoring up of Working capital requirements of the Company. The Board meeting was commenced at 11:30 am and was concluded at 12:05 pm.
The above information is a part of company’s filings submitted to BSE.