Outcome of board meeting of Sagar Cements

Held on 05 January 2016

Sagar Cements announced that the Board of Directors of the Company at its meeting held on 05 January 2016 approved a proposal to furnish corporate guarantees and to pledge the investments held or to be held by the Company in its wholly owned subsidiary viz., BMM Cement on a pari-passu basis to secure the Non-Convertible Debentures proposed to be issued and the credit facilities availed/ to be availed aggregating Rs 299 crore by the said subsidiary.

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