Key Transaction Details
Parties Involved: SBEC Sugar Limited (Borrower) and M/s. Longwell Investment Private Limited (Lender).
Agreement Date: The inter-corporate loan agreement was executed on 19th June 2026.
Purpose: The purpose of the agreement is for SBEC Sugar Limited to avail unsecured financial assistance from the lender.
Financial Terms:
- Loan Amount: ₹100 Crores (One Hundred Crores Rupees Only).
- Interest Rate: 15 percent per annum.
- Nature of Loan: Unsecured financial assistance.
- Tenure: The loan period is defined as the closing date per the repayment schedule (specific date not provided in the disclosure).
Related Party Status & Transaction Classification
Shareholding: The lender, M/s. Longwell Investment Private Limited, holds no shares in SBEC Sugar Limited.
Relationship: M/s. Longwell Investment Private Limited is identified as belonging to the Promoter Group of SBEC Sugar Limited.
Transaction Classification: Consequently, this transaction is classified as a Related Party Transaction.
Basis of Transaction: The company states that the transaction is conducted on an "arm's length" basis.
Other Terms & Conditions
Significant Terms: The disclosure states that special rights such as the right to appoint directors, first right to share subscription, or rights to restrict changes in capital structure are "Not Applicable."
Security: The loan is explicitly unsecured. No details of any security provided to the lender are applicable.
Other Disclosures: Details regarding nominees on the board, potential conflicts of interest, or termination/amendment of the agreement are stated as "Not Applicable" at this time.