Barak Valley Cements Limited has signed a Memorandum of Understanding (MoU) with M/s LKC Industries and Infra Private Limited to avail inter-corporate loan(s) up to an aggregate amount not exceeding ₹2,65,00,000 (Rupees Two Crore Sixty Five Lakhs Only).
The loan is exclusively for meeting the company's operational expenses, working capital requirements, and other lawful business activities undertaken in the ordinary course of business.
Key Agreement Details:
- Lender: M/s LKC Industries and Infra Private Limited
- Nature of Loan: Unsecured loan
- Total Loan Amount: ₹2,65,00,000
- Date of Execution: May 30, 2026
- Security Provided: Nil
- Nominee Director Appointed: No
Relationship Between Parties:
The promoters of Barak Valley Cements Limited and LKC Industries and Infra Private Limited are the same, making this a related party transaction. However, the company states that the transaction is done at arm's length.
Shareholding and Significant Terms:
- Shareholding in the entity: Nil
- Significant terms of the agreement: Nil (no special rights like right to appoint directors, first right to share subscription, or right to restrict any change in capital structure)