;
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

12 Asian garment firms to operate in Haiti by mid-2019

Apparel/Garments | On 13th Dec 2018

12 Asian garment firms to operate in Haiti by mid-2019

At least a dozen Asian garment manufacturing companies will start...

Pakistan evolving export-oriented policies: top official

Textiles | On 13th Dec 2018

Pakistan evolving export-oriented policies: top official

Pakistan is evolving export-oriented policies and is committed to...

No-deal Brexit would drop output, UK firms caution: survey

Textiles | On 13th Dec 2018

No-deal Brexit would drop output, UK firms caution: survey

British businesses expect a sharp drop in output if the United...

Interviews View All

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Representatives, Textile & apparel industry

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

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

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

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


December 2018

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

news category


Related Categories:

Advanced Search