Eldeco Housing and Industries Limited at its board meeting held on September 13, 2023, considered and approved to avail a Rupee Term Loan not exceeding INR 800,000,000 from ICICI Bank Limited, where the money to be borrowed, together with the money already borrowed by the Company will not exceed aggregate of its paid-up share capital and free reserves and securities premium, apart from temporary, loans obtained from the Company's bankers in the ordinary course of business.