Business Update12 Mar 2025, 04:50 pm
Promoter Director of Gogia Capital Growth Ltd Waives Off Receivables Worth Rs. 13.72 Crores
AI Summary
The Promoter Director of Gogia Capital Growth Ltd, Mr. Satish Gogia, along with his wife Mrs. Monica Gogia, has voluntarily waived off receivables amounting to Rs. 13.72 Crores. This decision is made in consideration of the company’s working capital and net worth requirements. The waiver has been communicated through a waiver letter dated 19th February 2025. This move is expected to significantly support the company’s financial stability and operational efficiency.
Key Highlights
- Promoter Director of Gogia Capital Growth Ltd waives off receivables worth Rs. 13.72 Crores
- Waiver made in consideration of the company’s working capital and net worth requirements
- Waiver communicated through a letter dated 19th February 2025
- Expected to support the company’s financial stability and operational efficiency