Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform you that, the Board of Directors of the Company at their Meeting held today i.e 10th April 2025, has inter-alia ....
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The Board of Directors of MM Rubber Company Ltd, at their meeting held on 10th April 2025, approved borrowing money from Mr. Roy Mammen, the Managing Director of the company. The meeting lasted 30 minutes, from 11:00 AM to 11:30 AM. The filing was made under SEBI LODR Regulation 30 to disclose this inter-alia matter to the stock exchange. No specific loan amount or terms were disclosed in this filing.
The company is raising funds from its Managing Director, which signals insider confidence in the business but may indicate a need for liquidity. Shareholders should watch for further disclosures on the loan amount, interest rate, and repayment terms, as related-party transactions require detailed disclosure.