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    SBM Under Taking Ok

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    SURANA1973
    The letter is from Steel Hypermart India Pvt. Ltd. to State Bank of Mysore regarding a cash credit limit of Rs. 75 Crores. It contains an undertaking that the company will not withdraw either accumulated profits or capital without prior approval from the bank. This letter of undertaking is irrevocable and effective until all dues to the bank have been repaid. It is signed by Mahendra Kumar Singhi as the director of Steel Hypermart India Pvt. Ltd.

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    SBM Under Taking Ok

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    SURANA1973
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    The letter is from Steel Hypermart India Pvt. Ltd. to State Bank of Mysore regarding a cash credit limit of Rs. 75 Crores. It contains an undertaking that the company will not withdraw either accumulated profits or capital without prior approval from the bank. This letter of undertaking is irrevocable and effective until all dues to the bank have been repaid. It is signed by Mahendra Kumar Singhi as the director of Steel Hypermart India Pvt. Ltd.

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    The letter is from Steel Hypermart India Pvt. Ltd. to State Bank of Mysore regarding a cash credit limit of Rs. 75 Crores. It contains an undertaking that the company will not withdraw either accumulated profits or capital without prior approval from the bank. This letter of undertaking is irrevocable and effective until all dues to the bank have been repaid. It is signed by Mahendra Kumar Singhi as the director of Steel Hypermart India Pvt. Ltd.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    163 views1 page

    SBM Under Taking Ok

    Uploaded by

    SURANA1973
    The letter is from Steel Hypermart India Pvt. Ltd. to State Bank of Mysore regarding a cash credit limit of Rs. 75 Crores. It contains an undertaking that the company will not withdraw either accumulated profits or capital without prior approval from the bank. This letter of undertaking is irrevocable and effective until all dues to the bank have been repaid. It is signed by Mahendra Kumar Singhi as the director of Steel Hypermart India Pvt. Ltd.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    1

    To
    The Deputy General Manager
    STATE BANK OF MYSORE
    Corporate Accounts Branch
    M.G. Road, Bangalore

    Dear Sir,

    Sub: Cash Credit limit of Rs. 75 Crores (Rupees Seventy Five Crores
    Only) vide the Sanction letter No. CAB/ AMT-III/SHIPL dated
    03.08.2015 of State Bank of Mysore.

    We, Steel Hypermart India Pvt. Ltd., incorporated under the Companies Act,
    1956 with corporate identity number CIN: U27101KA2004PTC034499, and having
    its registered office at Mannat, Ground Floor, 2/1A, Nanjappa Road, Shanthinagar,
    Bangalore – 560 027(represented by its authorised signatory),

    Do hereby agree and undertake to you, with regard to the working capital limits
    made/to be made available to our Company, as under:-

    NON-WITHDRAWAL OF ACCUMULATED PROFITS OR CAPITAL:


    The company not to withdraw either the accumulated profits or the capital without
    prior approval of the Bank.

    This letter of undertaking shall be irrevocable and is fully effective till the entire
    dues of the Bank are repaid.
    For M/s. Steel Hypermart India Pvt. Ltd.

    MAHENDRA KUMAR SINGHI

    (DIRECTOR)

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