The term loan facility aggregates to ₹80.00 Crore (Rupees Eighty Crore Only) for the Company's commercial real estate project. The facility comprises:
- Takeover of the Company's existing consortium loan aggregating to ₹32.06 Crore currently availed from The Mehsana Urban Co-operative Bank Ltd., The Sutex Co-operative Bank Ltd. and Surat National Co-operative Bank Ltd.
- A fresh term loan of ₹47.94 Crore to be extended by ABCL
The objective of this takeover-cum-enhancement is refinancing existing borrowings and optimizing the Company's overall financing cost in the ordinary course of business.
Significant Agreement Details
- Nature of Loan: Secured Term loan
- Total amount of loan granted: ₹80.00 Crore
- Total amount outstanding as on date: Nil
- Date of execution of the loan agreement: June 29, 2026
- Shareholding in lender entity: Nil
- Related party transaction: No
- Special rights: Not Applicable
Security Details
Primary Security: First charge on 87 units plotted area admeasuring about 18,997.26 sq. meter together with undivided proportionate share in land for COP, road etc. admeasuring area of 8,490.40 sq. meter, total aggregating area of about 27,487.66 sq. meter in the industrial project known as "SURAT TEXTILE BOURSE PHASE 1/Part –A" situated on land bearing Sub Plot No. A/P-1 admeasuring 325,337.69 Sq. Meter located across villages Udhna, Bhedwad, and Dindoli in Surat District.
Collateral Security: First charge on 338 units plotted area admeasuring about 78,101.82 sq. meters together with undivided proportionate share in the land for COP, Road etc. admeasuring 23,116.22 sq. meters, total aggregating area of about 101,218.04 sq. meters in the industrial project known as "SURAT TEXTILE BOURSE, PHASE – II" situated on land bearing Sub-Plot No. A/ Paikee – 1 admeasuring 325,337.69 sq. meters located across villages Udhna, Dindoli, and Bhedvad in Surat District.
Guarantees Provided
| Sr. No. | Name of Guarantor | Type of Guarantee |
| 1 | Mr. Damodar Bhimji Patel | Personal |
| 2 | Mr. Viral Damodar Bhavani | Personal |
| 3 | Mrs. Vidhya Viral Bhavani | Personal |
| 4 | Mr. Mohan Bhimji Patel | Personal |
| 5 | Mr. Narshi Devji Bhavani | Personal |
| 6 | Mr. Pravin Premji Patel | Personal |
| 7 | Mr. Ishwar Vikram Patel | Personal |
| 8 | M/s. Sejima Texyarn Pvt. Ltd. | Corporate |
| 9 | M/s. Kanchenjunga Texturisers Private Limited | Corporate |
The disclosure is made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information is also available on the Company's website www.brcl.in.