MoU30 May 2026, 05:42 pm
Barak Valley Cements Signs MoU with LKC Industries for ₹2.65 Cr Loan
AI Summary
Barak Valley Cements Ltd has signed a Memorandum of Understanding (MoU) with M/s LKC Industries and Infra Private Limited to avail inter-corporate loan(s) up to ₹2.65 Cr. The loan is intended for operational expenses, working capital requirements, and other lawful business activities. The promoters of both Barak Valley Cements and LKC Industries are the same, and the transaction is conducted at arm's length. The loan is unsecured, with ₹2.5 Cr currently outstanding. The loan agreement was executed on May 30, 2026.
Key Highlights
- Barak Valley Cements signs MoU with LKC Industries for a loan up to ₹2.65 Cr.
- The loan will be used for operational expenses and working capital.
- Promoters of Barak Valley Cements and LKC Industries are the same.
- The loan is unsecured, with ₹2.5 Cr outstanding as of the report.
- The transaction is classified as a related party transaction but conducted at arm's length.
Price Impact
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