AI assistant
Sandhar Technologies Limited — Capital/Financing Update 2024
Mar 29, 2024
60876_rns_2024-03-29_ab995df3-f43f-42c2-ae13-e9dfef91a684.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [139 x 34] intentionally omitted <==
Ref: STL /SE/ 2023-2024/Regulation 30/84
Dated: 29[th] March, 2024
To, To, Department of Corporate Services Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza C-1, G-Block, Bandra-Kurla Mumbai- 400001 Complex, Bandra (East) Mumbai – 400051
BSE Code: 541163; NSE: SANDHAR
Dear Sir/ Madam,
Sub: Intimation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.
In continuation to our intimation dated 08[th] March, 2024, Ref STL /SE/ 2023-2024/Regulation 30/78 and 21[st] March, 2024, Ref STL /SE/ 2023-2024/Regulation 30/82 submitted with the Stock Exchange, with respect to Agreement/Deed of Hypothecation entered between M/s Sandhar Technologies Limited (“the Borrower”) and Citi Bank N.A. (“the Lender”) to grant a Term Loan Facility/loan of INR. 750,000,000 (Rupees Seven Hundred and Fifty Million only) to Sandhar Technologies Limited (STL) (“the Borrower”).
It is hereby further intimated that the management of the Company has availed the Term Loan Facility of INR. 35,00,00,000/- (Rupees Thirty-Five Crore only) out of total approved limit of INR. 750,000,000 (Rupees Seven Hundred and Fifty Million only) from Citibank N.A. for meeting the Capex Expenditure, at a rate of interest of 8.46% per annum (Interest rate type- Floating).
Further, we assure you that any future decision regarding the availing of the balance Term Loan Facility/loan will be promptly communicated to the Stock Exchanges in accordance with regulatory requirements.
We request you to kindly take the above on record.
Thanking You. Yours Faithfully,
FOR SANDHAR TECHNOLOGIES LIMITED
Yashpal Jain
Digitally signed by Yashpal Jain Date: 2024.03.29 11:59:29 +05'30'
(Yashpal Jain)
Chief Financial Officer & Company Secretary
Sandhar Technologies Limited
Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511800 E-mail: [email protected], website: www.sandhargroup.com; CIN-L74999DL1987PLC029553