BirlaNu Limited has disclosed the execution of a Loan Agreement with its wholly-owned subsidiary, BirlaNu International GmbH, pursuant to SEBI Listing Regulations.
Key Transaction Details
- Parties Involved: Lender - BirlaNu Limited; Borrower - BirlaNu International GmbH
- Relationship: Borrower is a 100% wholly-owned subsidiary of BirlaNu Limited
- Agreement Date: October 29, 2026
- Regulatory Approval Date: November 2, 2026
- Loan Amount: €3.5 million
- Total Outstanding Exposure: €20 million (cumulative)
- Purpose: To meet the subsidiary's working capital requirements
Financial Terms
- Interest Rate: 8% per annum
- Tenor: Maximum of 6 years from the Effective Date
- Security: No security provided for this loan facility
Regulatory Classification
- Related Party Transaction: Yes, as the borrower is a wholly-owned subsidiary
- Arm's Length Basis: Confirmed to be conducted at arm's length
- Regulatory Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Additional Terms
The agreement does not contain special rights such as right to appoint directors, first right to share subscription, or rights to restrict changes in capital structure.
Disclosure Compliance
The intimation was signed by Nidhi Bisaria, Company Secretary & Compliance Officer (Membership No. F5634), and is available on the company's website at www.birlanu.com.