The Board of Directors at their meeting held on May 29 2026 have considered and approved the proposal for modification in Channel Financing Facility obtained from ICICI Bank Limited relating to First Loss Deficiency Guarantee for an amount upto 20% of the program level earlier it was 20% of the dealer limit being availed by channel partners for the overall credit facility of Rs. 30 crores to be provided by ICICI Bank Limited to the Channel Partners of the Company under Channel Financing Facility( "Facility").
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