MM Rubber Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/04/2025 ,inter alia, to consider and approve In terms of Regulation 29 ....
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MM Rubber Company Ltd has informed the BSE that its Board of Directors will meet on Thursday, 10th April 2025 at 11:00 AM. The main item on the agenda is to consider borrowing money from Mr. Roy Mammen, the Managing Director of the company. This is essentially a related-party loan being raised from the company's own director. No amount, interest rate, or tenure details have been disclosed in this intimation.
Shareholders should note this is a related-party transaction where the company plans to borrow from its MD. Such loans can be positive (sign of promoter support and easy access to funds) or a concern (may indicate difficulty in raising money from outside lenders). Investors should wait for the board outcome on 10th April for loan amount and terms before drawing conclusions.