Tembo Global Industries Limited - Updates

24 Jan 2022 , 12:00 AM

Tembo Global Industries Limited has informed the Exchange regarding Sub: Intimation under regulation 30 of SEBI (Listing obligation and Disclosure Requirement), 2015. 1. The company hereby propose to increase the credit facility availed from Bank of India from current limit of Rs. 16.02 Crore to Rs. 24.12 Crore, to meet working Capital requirement of the company 2. Mr. Sanjay Jashbhai Patel Managing Director and Ms. Fatema Shabbir Kachwala Executive Director of the company is hereby authorize to sign and execute Agreement of Personal Guarantee/Agreement of Corporate Guarantee for the due repayment, discharge and redemption of the Facility availed of by the Company, accept the Sanction Letter issued by the Bank containing the detailed terms & conditions and also to execute and deliver on behalf of the Company, facility agreement and all other documents and instruments in connection therewith including Demand Promissory Notes and Documents for creating charge and such other documents in such form as may be required by the Bank from time to time on behalf of the company. .