Loan & Debt20 Apr 2026, 05:51 pm
Andrew Yule Secures ₹35 Cr in Loans from Promoter & Tea Board
AI Summary
Andrew Yule & Company Ltd has secured two short-term loan arrangements totaling ₹35 crore. The first is a ₹30 crore loan from its promoter, the Government of India through the Ministry of Heavy Industries, at an interest rate of 8.30% per annum, sanctioned on April 18, 2026, for a tenure of one year. The second is a ₹5 crore soft loan from the Tea Board of India, with an interest rate of 8.65% per annum, sanctioned on April 20, 2026, also for a one-year tenure. These arrangements are in compliance with SEBI regulations.
Key Highlights
- Company secured ₹30 Cr loan from promoter (Ministry of Heavy Industries).
- Additional ₹5 Cr soft loan obtained from Tea Board of India.
- Both loans have a tenure of one year.
- Interest rates are 8.30% and 8.65% respectively.
- Transactions comply with SEBI disclosure requirements.
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