The board has considered and approved the proposal for providing Guarantee/Security in favor of HDFC Bank Ltd for due repayment of enhanced credit facilities of Rs. 16,20,00,000/- (Rupees Sixteen Crores and Twenty Lakhs Only) aggregating to Rs.52,42,00,000/-(Rupees Fifty Two Crores and Forty Two Lakhs only) on behalf of the borrower i.e Midwest Granite Private Limited , the Holding Company.