Sub:-Certificate confirming fulfilment of payment obligations with respect to Commercial Paper issued dated October 18, 2022 by Solar Industries India Limited.
Ref: Regulation 30, 57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir,
This is further to our letter dated October 19, 2022, whereby we had intimated that the Company has issued the Commercial Paper (CP) amounting to Rs. 50 Crores on October 18, 2022, in favor of ICICI Bank Limited, having maturity date of January 13, 2023.
In this regard, we hereby confirm that the Redemption amount with respect to the CP has been duly paid on January 13, 2023
This is for your information and record.
Thanking You
Yours truly,
For Solar Industries India Limited
Khushboo Anish Pasari
Digitally signed by Khushboo Anish Pasari
Date: 2023.01.13 15:35:20 +05'30'
Khushboo Pasari
Company Secretary &
Compliance Officer
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Solar Industries India Limited published this content on 13 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2023 10:39:06 UTC.
Solar Industries India Limited is an India-based integrated global explosives company. The Company is primarily involved in the manufacturing of complete range of industrial explosives and explosive initiating devices. Its segment is Explosives and its accessories. The Company's products include industrial explosives and defense. Its industrial explosives products include packaged emulsion explosives, bulk explosives and explosive initiating systems. It is a domestic manufacturer of bulk and cartridge explosives, detonators, detonating cords and components. The Company's defense products include high energy materials, such as HMX, RDX, TNT and their compounds; composite propellants for Pinaka, Akash, Brahmos, PSOMXL and Skyroot, among others; 30 mm ammunition, multi-mode hand grenade, mines, warheads, bund blasting device; artillery fuses, ASW fuses, Pyros and igniters; chaff payloads; loitering munition; rocket integration, and explosives filling of ammunition.