Date: 30th September, 2026
Board Meeting Outcomes
- The company executed an Assignment and Transfer Deed dated 30th September, 2026 between Tata Capital Limited and Aditya Birla Capital Limited
- This is pursuant to the syndication arrangement contemplated under the original Loan Agreement dated 13th August, 2026
Fundraising / Financing
- Original Loan Agreement: Dated 13th August, 2026 with Tata Capital Limited for ₹219,00,00,000 (Rupees Two Hundred and Nineteen Crores)
- Loan Purpose: For acquisition of equity shares of Steel Infra Solutions Company Limited and transaction-related expenses
- Assignment Details: Tata Capital Limited has entered into Assignment and Transfer Deed with Aditya Birla Capital Limited dated 30th September, 2026
- Transferred Facility: ₹40,00,00,000 (Rupees Forty Crores) out of total ₹219 crore facility
- New Lender Participation: Aditya Birla Capital Limited has sanctioned and agreed to participate as an acceding lender for the ₹40 crore facility
- Effective Date: The assignment is dated 30th September, 2026
- Basis: Execution is pursuant to syndication arrangement under the original Loan Agreement