On December 26, 2024, M M Rubber Company Limited issued an intimation of a board meeting scheduled for Thursday, January 2, 2025, at 11:00 AM. The meeting will be convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to discuss important business decisions concerning the company's operations.

The primary agenda for the meeting includes a proposal to borrow money from the company's Managing Director, Mr. Roy Mammen. The loan arrangement will be explored as part of the company’s funding strategy. As per the meeting's schedule, the board will also discuss other business matters, which will be addressed with the permission of the Chair.

SEBI Compliance and Listing Obligations

In compliance with SEBI’s listing regulations, this notice serves as an official disclosure regarding the upcoming board meeting, in which the company's directors will deliberate on the potential borrowing from Mr. Roy Mammen. This is a significant move for the company, as directors' loans are closely monitored under SEBI regulations to ensure transparency and regulatory adherence.

Board Meeting Agenda

The meeting will focus on the following key agenda points:

1. Loan from Managing Director: The company will discuss the terms and conditions of borrowing money from Mr. Roy Mammen, who serves as the Managing Director of M M Rubber Company. This loan will be considered for its potential impact on the company’s liquidity and financial positioning.

2. Other Business Matters: The board will also explore additional business matters that may arise during the meeting, subject to the approval of the Chair. This allows flexibility in addressing unforeseen issues or new opportunities that may emerge during the session.

The decision to borrow money from Mr. Roy Mammen represents a strategic financial move that will require careful consideration by the board members, keeping in mind the company's operational needs and future growth plans.

Conclusion

The upcoming board meeting of M M Rubber Company is a crucial event in the company’s financial planning, as it involves decisions about borrowing funds from the Managing Director. The discussions and approvals from this meeting will help shape the company’s immediate financial outlook and may influence its capital structure moving forward. Investors and stakeholders will be keenly watching the developments following the meeting, especially in terms of regulatory compliance and financial transparency.

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