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Isgec Heavy Engineering informs about update on issuance of SBLC

17 Mar 2026 Evaluate

In furtherance to the earlier intimation dated November 13, 2025, regarding approval of the Board of Directors at its meeting held on November 13, 2025, for providing Standby Letter of Credit (SBLC) not exceeding CAD 2 million to secure additional Working Capital Loan facility to be availed by the Company's wholly owned subsidiary company, namely Eagle Press & Equipment Co., Canada, from its bankers. A copy of the said intimation under Regulation 30 of the Listing Regulations is enclosed as Annexure-1. In this regard, Isgec Heavy Engineering has informed that the Company has issued a Standby Letter of Credit of CAD 2 million on March 16, 2026, in favour of Royal Bank of Canada, Canada (the banker of its wholly owned subsidiary, Eagle Press & Equipment Co., Canada), to secure the aforesaid additional working capital facility. There is no other change in the disclosure made earlier, except for the issuance of the aforesaid Standby Letter of Credit. This intimation is also being disclosed on the website or the Company.

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

ISGEC Heavy Engg. Share Price

1046.60 -6.10 (-0.58%)
21-Apr-2026 16:59 View Price Chart
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