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Seshasayee Paper & Boards Ltd. - Outcome of Board Meeting

| Updated on July 27, 2019

In accordance with the Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company, in their meeting held on 27 07 2019, approved the funding of the Project, Mill Development Plan - III (MDP - III) at Unit : Erode with a Debt of 30% of the estimated Net Capital Cost of the Project (Net Capital Cost is estimated at RS 275 crores - i.e. Total Project Cost of Rs 315 crores Less : Estimated Input Credit of Rs 40 crores).

Debt Component accordingly represents Rs 82.50 crores out of the Project Cost and balance will be funded by Internal Accruals.

Pdf Link: Seshasayee Paper & Boards Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on July 27, 2019

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