W S Industries India Ltd approves availing of short term loans

The Board of Directors of W S Industries India Ltd at its meeting held today to review the operations of the Company, general corporate matters have approved proposal for availing short term Inter Corporate Deposit ("ICD") not exceeding INR 15,00,00,000/- (Rupees Fifteen Crores only) from M/S.Aadhi Enterprises Pvt Ltd Chennai, for business purposes of the Company for a period of 60 days at an interest rate of 18% per annum.

The board also approved proposal for borrowing short term loan not exceeding INR 3,00,00,000/- (Rupees Three Crores only) from Mr.S.Nagarajan Promoter of the Company for business purposes of the Company for a period of 60 days at an interest rate of 18% per annum.

Shares of W S Industries (I) Limited was last trading in BSE at Rs. 26.05 as compared to the previous close of Rs. 24.81. The total number of shares traded during the day was 2035 in over 7 trades.

The stock hit an intraday high of Rs. 26.05 and intraday low of 26.05. The net turnover during the day was Rs. 53011.00.

Source : Equity Bulls

Keywords

WSIndustries INE100D01014 ShortTermLoans