Exxaro Tiles becomes long term debt free company; Stock hits 5% upper band

Exxaro Tiles makes and sells vitrified floor tiles.

Aug 27, 2021 12:08 IST India Infoline News Service

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Exxaro Tiles Limited has provided information to the exchange reharding status on its long-term debt.

Ealier on August 18, 2021 the company informed for long term debt repayment as per its specific Objects Clause in the Prospectus, now it has informed that the Company has also prepaid all its remaining existing long-term debt and subsequently it has become long term debt free.

"The above measures would result into substantial saving in annual finance cost of the Company", said Exxaro Tiles in a regulatory filing.

Exxaro Tiles is engaged in the manufacturing and marketing of different types of vitrified tiles used for flooring solutions. 

At around 12:30 PM, Exxaro Tiles was trading at Rs131.40 per piece higher by 4.99% on Sensex.

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