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Media & Entertainment
Board Meeting22 Oct 2026, 05:10 pm

Creative Eye Ltd: Board Approves ₹15.78 Cr Debt Facilities, CFO Resigns

AI Summary

Creative Eye Ltd's Board of Directors has approved availing an Overdraft Facility of ₹7.98 Crore from Punjab National Bank and a Loan Against Property (LAP) of up to ₹8 Crore. These facilities will be utilized for business operations and future projects. Additionally, the Board accepted the resignation of Mr. Sachin Devare as Chief Financial Officer (CFO), effective November 14, 2026, due to personal reasons and professional commitments. The meeting also noted the details required under SEBI Listing Regulations regarding the resignation.

Key Highlights

  • Board approved overdraft facility of ₹7.98 Crore from PNB.
  • Board approved Loan Against Property (LAP) of up to ₹8 Crore.
  • CFO Mr. Sachin Devare resigned, effective November 14, 2026.
  • Resignation cited personal reasons and professional commitments.