Gkb Ophthalmics Limited Press Release Jan 03 2025

A meeting of the Board of Directors of the Company was held on January 03, 2025, which considered and approved the borrowing by way of an unsecured loan of upto Rs. 5.00 Crores ( Rupees Five Crores only) in tranches at rate of interest of 10.65% p.a. from GSV Ophthalmics Private Limited, a material subsidiary of the Company for the working capital requirements and general business purpose.Further, the Board of Directors approved and executed the Loan Agreement on January 03, 2025 between the Company and GSV Ophthalmics Private Limited for an amount of upto Rs. 5.00 Crores to be availed by the Company in tranches.Enclosed please find the details of the Loan Agreement.The meeting started at 11:35 A.M., and ended at 12.20 P.M. , on the same day.Kindly take the information on record.