Shanti Spintex Limited prepays term loan

Shanti Spintex Limited, has made a pre-payment of Rs. 4,13,50,000/- (Four Crore Thirteen Lakh Fifty Thousand Only) towards the outstanding loan amount on 14th March 2024.

The outstanding balance post the pre-payment stands at Rs. 22,03,94,767/- (Twenty-Two Crore Three Lakh Ninety-Four Thousand Seven Hundred Sixty-Seven Only) as on the aforementioned date.

This pre-payment is in line with our financial strategy to reduce long-term liabilities and optimize our capital structure. It demonstrates our commitment to prudent financial management and reinforces our confidence in the company's financial health and growth prospects.

Source : Equity Bulls

Keywords

ShantiSpintex LoanPrepayment INE0QZQ01019