
Artson Extends Loan Maturity by 5 Years to 2042
Artson Ltd announced that its Board of Directors has approved the extension of the maturity period for a partly secured loan of ₹40.30 Crores taken from its holding company, Tata Projects Limited. The loan's maturity has been extended from 20 years (due in 2037) to 25 years, making it due in 2042. This extension is subject to obtaining necessary approvals, including from Tata Projects Limited. The board also approved the Un-Audited Financial Results for the second quarter ended September 30, 2026, along with the Statutory Auditors' Limited Review Report. Additionally, M/s. Walker Chandiok & Co LLP has been appointed as the new Statutory Auditors for a five-year term starting FY 2027-28, subject to shareholder approval.
Key Highlights
- Loan maturity extended by 5 years to 2042.
- Loan amount is ₹40.30 Crores from holding company.
- Board approved Q2 FY27 Un-Audited Financial Results.
- New Statutory Auditors appointed for 5 years.
- Shareholder approval required for auditor appointment.
Price Impact
More from ARTSON