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| Exchange Disseminated Time | | Commercial Engineers & Body Builders Co Ltd has informed BSE that the Company has been sanctioned Working Capital facilities by AXIS Bank Limited; including cash credit facility aggregating to Rs. 22.00 crores for which bank has asked for pledge of equity shares of the Company worth Rs. 5.00 crores out of the shares owned by the promoters as an additional security. To avail the said facility and to comply with the bank's pre-condition; one of the promoters Mr. Ajay Gupta is pledging his 5,75,000 equity shares of the Company in favour of the Bank. The fund received are solely to be used by the Company for it's working capital requirement. |
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