Disclosure under Regulation 30 of SEBI Listing Regulations
Machhar Industries Limited has made a regulatory disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the execution of a vehicle loan agreement.
Nature of the Event
The company has entered into a Vehicle Loan Cum Hypothecation Agreement with HDFC Bank Limited for availing a vehicle loan facility. The disclosure is made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.
Parties Involved
- Borrower: Machhar Industries Ltd
- Lender: HDFC Bank Limited, Aurangabad branch (Registered office: Bank House Senapati Bapat Marg, Lower Parel, Mumbai - 400013)
- Co-Borrower: Sandeep Bhagwatiprasad Machhar
Loan Details
- Purpose: Purchasing Vehicle Loan (specifically for a BYD Sealion 7 Dynamic EV four-wheeler manufactured by BYD India Pvt Ltd)
- Agreement Type: Loan Cum Hypothecation Agreement
- Sanctioned Amount: Up to ₹42.50 Lakhs
- Actual Loan Disbursed: ₹41.97 Lakhs
- Execution Date: October 12, 2026
Security Arrangements
The loan is secured by hypothecation of the vehicle being purchased - a BYD Sealion 7 Dynamic EV four-wheeler.
Significant Terms
The facility agreement does not contain any special rights for the bank such as right to appoint directors, first right to share subscription in case of issuance of shares, or right to restrict any change in capital structure.
Relationship Disclosure
The transaction does not involve any related parties to promoters/promoter group/group companies. The parties are not related in any manner, and the transaction is not classified as a related party transaction.
Additional Information
- No share issuance involved in this transaction
- No nominee director appointments or potential conflicts of interest arising from the agreement
- The disclosure was signed by Mahesh Dube, Company Secretary (Membership No. F-12866) on October 13, 2026