Joint Venture24 Mar 2026, 06:21 pm
Alka India Ltd Secures INR 100 Crores Unsecured Loan from Promoter and Director
AI Summary
Alka India Ltd has entered into a Loan Agreement dated 23rd March, 2026 with Promoter and Non-Executive Director, Mr. Jatinbhai Ramanbhai Patel, for an unsecured loan of INR 100 Crores. The loan is convertible into equity shares of the company at a later date, subject to shareholder approval. The loan will be disbursed in tranches as and when required, via banking channels into the Borrower’s designated bank account.
Key Highlights
- Alka India Ltd secures INR 100 Crores unsecured loan from Promoter and Non-Executive Director
- Loan is convertible into equity shares of the company at a later date
- Loan to be disbursed in tranches as and when required
- Mr. Jatinbhai Ramanbhai Patel is a Promoter and Director holding 5.00% of the equity share capital of the company
- The transaction is not at arm’s length due to the interest-free nature of the loan