Please find enclosed outcome of BM held on 29-10-2025 for acceptance of sanction letter dated 22nd Oct 2025 issued by kotak mahindra bank limited
Awaiting price reaction for this filing.
Narbada Gems and Jewellery's board, at its meeting on 29 October 2025, approved the acceptance of a sanction letter dated 22 October 2025 from Kotak Mahindra Bank. The bank has sanctioned enhanced working-capital limits aggregating to ₹36.50 crore, covering both fund-based and non-fund-based facilities, along with related treasury limits. The facility is in favour of Narbada Gems & Jewellery Limited. The board also took note of the audit committee minutes and the previous board meeting minutes from 29 August 2025.
The enhanced working-capital lines strengthen the company's liquidity position to support inventory purchase and day-to-day operations in the gems and jewellery business. For shareholders, this signals continued bank confidence in the company's creditworthiness and provides headroom for working capital needs.