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Guj Heavy Chem
BSE: 500171NSE: GHCLISIN: INE539A01019

27th-Mar-2020 16:36Source: BSE

Gujarat Heavy Chemicals - Intimation Regarding Redemption Of Commercial Paper Amounting To Rs. 25 Crores

Pursuant to the requirement of Regulation 30 of the SEBI (LODR) Regulations 2015 read with other applicable provisions, if any, we would like to inform that Commercial paper (CP) of Rs. 25 Crores issued on January 17, 2020 has been redeemed on March 27, 2020 after making payment on due date.

We would like to further inform that above CP was part of Rs. 100 Crores limit approved by the Committee of Board of Directors of the Company in their meeting held on December 9, 2019.

We would further like to update that we have redeemed second trench of commercial paper amounting to Rs. 25 Crores, out of total issued commercial paper of Rs. 50 Crores. Hence, after said redemption of commercial paper of Rs. 25 Crores, there is no outstanding commercial paper for redemption.

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