Godawari Power and Ispat Limited (GPIL) has disclosed an update regarding an inter-corporate loan transaction involving its subsidiary company, Hira Ferro Alloys Limited (HFAL).
Transaction Details
HFAL, a subsidiary company and part of the promoter group of GPIL, had previously granted an inter-corporate loan of Rs. 20.00 crore to Deccan Gold Mines Limited (DGML) from surplus funds. The original Facility Agreement was executed on August 3, 2026, with a repayment tenure requiring repayment on or before October 31, 2026.
Amendment Details
On November 3, 2026, GPIL received intimation from HFAL regarding the execution of an amendment to the facility agreement. The amendment extends the repayment tenure of the loan facility for a period up to March 31, 2027.
Terms and Conditions
All other terms, conditions, and covenants of the original loan agreement remain unchanged and continue to be in full force and effect. The loan amount remains Rs. 20.00 crore.