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SRU Steels seeking approval for ₹200 crore for loans & guarantees
short by / on Tuesday, 22 April, 2025
Established in 1995, SRU Steels, initially a stainless steel trading company and consignment agent, broadened its operations to direct steel sales. The company seeks shareholder approval to provide financial assistance, including loans, guarantees, and security, to interested directors and to make investments/grant loans. These authorisations are capped at a total borrowing limit of ₹200 crore.