Announced Wed, 17 Sept · 15:37 IST

Chartered Logistics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/09/2025 ,inter alia, to consider and approve the borrowing of fund.

New Credit FacilityCredit & Debt View source PDF

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AI summary

Chartered Logistics Ltd has informed BSE that its Board of Directors will meet on Saturday, 20th September 2025 at 2:00 PM at the registered office in Ahmedabad. The key agenda is to discuss and approve a borrowing of loan from Poonawalla Fincorp Limited. The notice is issued under Regulation 29(1)(a) of SEBI (LODR) Regulations, 2015. Specific loan amount and terms have not been disclosed in this intimation.

Likely market impact

Approval of a new loan from Poonawalla Fincorp could mean the company is raising fresh debt for expansion or working capital needs. Shareholders should watch for the post-meeting disclosure to understand the size and purpose of the borrowing, as new debt may impact leverage and future interest obligations.