|
| Exchange Received Time 17/05/2018 18:05:10 Exchange Disseminated Time 17/05/2018 18:05:17 Time Taken 00:00:07 | Pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, the 29th of May 2018, inter alia, to consider and approve the Audited Financial Results of the Company for the year ended 31st March 2018, along with the Audited results for the entire financial year.
Further, it is stated that as per the Company's Code of Internal Procedures and Conduct for Regulation, Monitoring and Reporting of Trading by Insiders pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the trading window for dealing in the equity shares of the Company shall remain closed for the designated employees, promoters and connected persons covered under the said code of the Company from17th May 2018 to 1st June 2018 (both days inclusive).
Furthermore, it is stated that the management will consider and approve:
1. The existing Working Capital Loan facility from State Bank of India, Bhilai branch.
2. The increase in Working Capital Loan facilities by Rs 25 Crores availed from State Bank of India, Bhilai branch for the new Aluminum Wire Rod manufacturing.
3. The mortgage & hypothecation of fixed and current assets of SML for the existing as well as additional working capital credit being planned for the new Aluminum Wire Rod manufacturing facility.
Thanking You.
Yours faithfully,
For Sarthak Metals Limited
|
|
|