Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Corporate Actions:
The Board of Directors approved the following financing arrangements:
- Availing additional Term Loan Facilities of ₹75,00,00,000 (Rupees Seventy Five Crore only) from Kotak Mahindra Bank Limited
- Renewal of existing working capital facilities of ₹49,00,00,000 (Indian Rupees Forty Nine Crore only)
- Total aggregate facilities: ₹124,00,00,000 (One Hundred Twenty Four Crore only)
Purpose of Funds:
The funds from the additional term loan will be utilized for part repayment of Inter-Corporate Deposit (ICD) of AIA Engineering Limited as per the terms of the sanction letter.
Security Details:
The borrowing is secured by:
- Hypothecation on Current Assets of the borrower (both present and future)
- Hypothecation on all Movable Fixed Assets of the borrower (both present and future), excluding assets exclusively financed by other banks/financial institutions
- Equitable Mortgage on Industrial Property located at Survey No. 245, Village Bharapar, Tal. Gandhidham, Kutch Dist., Gujarat - 382721
Guarantees:
- Unconditional and Irrevocable Personal Guarantee of Mahesh Kumar Agarwal and Kaustubh Agarwal valid during the tenor of the facility
- Unconditional and Irrevocable Corporate Guarantee of Sree Metaliks Limited valid during the tenor of the facility
Authorization:
The Board authorized the following individuals to execute all necessary documents:
- Shri Kaustubh Agarwal, Managing Director
- Rajesh Mangal, Non-executive and Non-Independent Director
- Shri Mahesh Kumar Agarwal, Chairman and Managing Director
Other Significant Information:
The facility is based on Kotak Mahindra Bank's Sanction Letter dated 29.09.2026 with Reference no ARD/006315/2026-27