Date: October 1, 2026
Board Meeting Outcomes
- The company has availed additional Term Loan facility of ₹75,00,00,000 (Indian Rupees Seventy Five Crore) along with renewal of existing working capital facilities of ₹49,00,00,000 (Indian Rupees Forty Nine Crore)
- Total facilities aggregate to ₹124,00,00,000 (Indian Rupees One Hundred Twenty Four Crore)
- Sanction Letter dated September 29, 2026 with Reference No. ARD/006315/2026-27
Financial Results
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
KMP / Board / Auditor Changes
Not Specified
Fundraising / Financing Details
Loan Facility Details:
- Lender: Kotak Mahindra Bank Limited
- Nature of Loan: Additional Term Loan facility along with working capital renewal
- Total Amount: ₹124,00,00,000
- Interest Rate: 10%
- Repayment Term: 60 months
- Purpose: Part repayment of ICD of AIA Engineering Limited
- Execution Date: September 29, 2026
Security Arrangements:
- Hypothecation of entire current assets of the Company
- Hypothecation of all Movable Fixed Assets of the company situated at Survey No. 245, Village Bharapar, Tal. Gandhidham, Kutch Dist., Gujarat-382721
- Unconditional and irrevocable Personal Guarantee of Mahesh Kumar Agarwal and Kaustubh Agarwal valid during tenor of facility
- Unconditional and irrevocable Corporate Guarantee of Sree Metaliks Limited valid during tenure of facility
Related Party Transactions
- No shareholding in Kotak Mahindra Bank Limited
- Parties are not related to promoters/promoter group/group companies
- Transaction does not fall within related party transactions
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
- Regulatory Compliance: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference Circulars: SEBI/HO/CFD/CFD-Pod-2/CIR/2024/185 dated December 31, 2024 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023