The Board of Directors, inter alia, took the following decisions in the Board Meeting held on 28th May, 2025 at 10.20 am and concluded at 1.00 pm. 1. Approved the Audited Standalone and ....
NILE · price
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Nile Ltd's board approved the audited standalone and consolidated financial results for FY ending 31st March 2025. The board also renewed fund-based and non-fund-based credit facilities with HDFC Ltd and noted an intercorporate loan extended to its subsidiary Nile Li-Cycle Private Limited. A corporate guarantee of up to Rs 10 crore was approved on behalf of wholly-owned subsidiary Nile Overseas Enterprise FZE in favour of Amalgamated Metal Trading Ltd. The board noted that Nile Li-Cycle has commenced Phase 1 operations with an installed capacity of 5,000 TPA at Maheshwaram, while Phase 2 hydrometallurgy facility construction is complete. Related party transactions were noted, and the company confirmed no deviation in proceeds of any issue and no outstanding defaults on loans or debt securities.
The Rs 10 crore corporate guarantee increases contingent liability exposure for Nile Ltd, though it supports subsidiary growth. The commencement of Phase 1 operations at Nile Li-Cycle signals progress on the company's battery recycling business, which could be a future revenue driver but also ties up capital in subsidiary investments.