Modern Engineering & Projects LimitedBSE: MEAPL

Modern Engineering & Projects Limited Press Release Jan 14 2025

· Issued by Modern Engineering & Projects Limited

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulation"), we hereby inform you that the Company on yesterday i.e. January 13, 2025 entered into facility agreement and Indenture of Mortgage with ICICI Bank Limited for availing loan upto Rs. 18 Crores in one or more tranches for the purpose of acquiring office premises.The aforesaid loan facility to be availed by the company will be secured against office premises of the company i.e. office no. 401 to 405 on 4th Floor Building Know as "Karamvir Sky City" including 5 Automated car Parking Space Situated at Andheri, Mumbai.

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