Home / Knowledge / News / Textiles / Cotton yarns & fabrics maker Nitin Spinners EGM on Mar 14
Cotton yarns & fabrics maker Nitin Spinners EGM on Mar 14
22
Feb '08
Nitin Spinners Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 14, 2008, inter alia, to mortgage and / or charge in addition to the existing mortgages and / or charges and Hypothecations created by the Company on such terms and conditions and at such time or times, and in such form and mariner, as it may deem fit, the whole or substantially the whole of the Company's undertaking or all the undertakings including the present and/or future properties, whether movable or immovable comprised in any existing or new undertaking(s) of the company, as the ease may be, in favour of;-

1. IDBI Bank for securing Corporate Loan of Rs 10.00 crores on the basis of first charge ranking park passu with the other term lenders and

2. Consortium member bank(s) to secure Working Capital Limits of Rs 97.02 Crores advanced / agreed to be lent and. advanced by Oriental Bank of Commerce, Punjab National Bank, Indian Overseas Bank and State Bank of India or any enhancement thereof from time to time on Second charge basis.

The security to be created in the aforesaid manner shall be together with interest at the respective agreed rates, compound interest. additional interest, liquidated damages, commitment charges. premia on prepayment or on redemption, costs charges, expenses and other monies payable by the Company under Loan Agreements as and when entered into by the Company, subject to necessary provisions & approvals.

Nitin Spinners Ltd


Must ReadView All

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search