SBEC Sugar Limited has informed the BSE Ltd. that it has entered into an inter-corporate loan agreement dated 07th July 2026 with Priyadarshini Polysacks Limited. The purpose of the agreement is for the company to avail unsecured financial assistance.
Key Terms of the Agreement
- Lender: Priyadarshini Polysacks Limited
- Borrower: SBEC Sugar Limited
- Loan Amount: ₹5 Crores (Five Crores Rupees Only)
- Nature of Loan: Unsecured financial assistance. No security has been provided by SBEC Sugar Limited.
- Loan Period: The period shall be until the closing date as per the repayment schedule (specific dates not provided in the disclosure).
Relationship and Transaction Classification
- Shareholding: The company holds no shares in Priyadarshini Polysacks Limited.
- Related Party: Priyadarshini Polysacks Limited is not related to the promoter/promoter group/group companies of SBEC Sugar Limited in any manner.
- Transaction Type: The transaction does not fall within the definition of related party transactions and is stated to be not applicable.
Other Significant Terms
- The agreement carries no special rights for the lender, such as the right to appoint directors, first right to share subscription, or right to restrict changes in capital structure. These are noted as "Not Applicable".
- There are no details concerning the issuance of shares, as it is not applicable to this loan agreement.
- There are no details of a nominee on the board or potential conflicts of interest arising from the agreement.