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SUBSEQUENT EVENTS
6 Months Ended
Sep. 30, 2024
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENT

As previously disclosed, Ranor, Inc. along with certain affiliates of the Company, entered into that certain Amended and Restated Loan Agreement, as amended from time to time, with Berkshire Bank under which, among other things, Berkshire Bank provided a revolving line of credit loan to the Borrowers

Under the Amended and Restated Loan Agreement and related loan documents, as further amended, the Revolver Loan had a maturity date of January 15, 2025. On December 19, 2024, Ranor and the other Borrowers entered into a Tenth Amendment to Amended and Restated Loan Agreement and Sixth Amendment to Second Amended and Restated Promissory Note with Berkshire Bank. The Amendment, among other things, extends the maturity date of the Revolver Loan from January 15, 2025 to April 30, 2025.