Alka India Limited entered a ₹100 crore unsecured, interest-free loan agreement with promoter-director Mr. Jatinbhai Ramanbhai Patel on 23rd March 2026.
The loan is convertible into equity shares at a later date, approved by the board on 27th February 2026 and shareholders at the AGM on 23rd March 2026.
The transaction qualifies as a related party transaction under SEBI LODR Reg. 2(1)(zc) and is not at arm's length due to its interest-free nature.
Disclosure filed under Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.