Board of Som Distilleries & Breweries approves lending up to Rs 500 cr to related entites Capital Market • 3 months agoThe Board of Som Distilleries & Breweries at its meeting held on 05 September 2023 has approves giving loan(s) in one or more tranches including loan represented by way of book debt (the Loan) to, andor giving of guarantee(s), andor providing of security(ies) in connection with any Loan takento be taken by any entity which is a Subsidiary or Associate or Joint Venture or group entity of the Company or any other person in which any of the Director of the Company is deemed to be interested (collectively referred to as the Entities), up to a sum not exceeding Rs 500 crore at any point in time, in its absolute discretion deem beneficial and in the best interest of the Company, subject to approval of Members at the ensuing Annual General Meeting.