AI assistant
Panacea Biotec Ltd. — Capital/Financing Update 2024
Nov 8, 2024
62573_rns_2024-11-08_dddfed5b-5f2b-4b41-8781-74f1990c2f0b.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [162 x 79] intentionally omitted <==
November 08, 2024
The Manager, Listing Department The National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 NSE Symbol: PANACEABIO
BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 BSE Scrip Code: 531349
Reg.: Intimation under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
This is in continuation to:
-
our letter dated September 12, 2024 intimating that the U.S. Government’s development finance institution, the U.S. International Development Finance Corporation (DFC) has committed a long-term loan of up to US$20 million to Panacea Biotec; and
-
our letter dated October 30, 2024, intimating the date of proposed Board Meeting scheduled to be held on Wednesday, November 13, 2024, for inter-alia considering and approving the Standalone and Consolidated Unaudited Financial Results (Provisional) for the quarter and half year ended September 30, 2024.
Pursuant to Regulation 29(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable rules and regulations, we would like to inform that the Board of Directors in the said Board Meeting would also, inter-alia, consider and approve raising of funds through External Commercial Borrowings from DFC for an amount upto US$ 20 million (equivalent to (~Rs.168.16 Crore), in one or more tranches, as may be permitted under applicable laws.
This is for your kind information and record please.
Thanking you, Sincerely yours, For Panacea Biotec Limited
Digitally signed Vinod by Vinod Goel Date: 2024.11.08 Goel 15:40:08 +05'30'
Vinod Goel Group CFO and Head Legal & Company Secretary
Panacea Biotec Limited (CIN: L33117PB1984PLC022350) Regd. Office : Ambala Chandigarh Highway, Lalru – 140501, Punjab Correspondence/Corporate office : B-1 Extn../G-3, Mohan Co-op. Indl. Estate, Mathura Road, New Delhi - 110 044, India Ph.: 91-11-4167 9000, 4167 8000, Fax: 91-11-4167 9070 Email: [email protected]