Loan & Debt23 Feb 2026, 12:30 pm
Rigmadirappa Investments Creates Pledge Over Shares of Agribio Spirits Ltd for Loan Facility
AI Summary
Rigmadirappa Investments, a promoter of Agribio Spirits Ltd, has created a pledge over 310,000 shares of the company in favor of Nidhi Castings & Alloys Private Limited. This pledge is for a loan facility of up to INR 2,00,00,000 for a maximum period of 12 months starting from February 13, 2026, to February 12, 2027. The purpose of the loan is for personal use by the promoters and PACs.
Key Highlights
- Rigmadirappa Investments creates pledge over 310,000 shares of Agribio Spirits Ltd.
- Pledge created in favor of Nidhi Castings & Alloys Private Limited.
- Loan facility of up to INR 2,00,00,000 involved.
- Loan period is for a maximum of 12 months.
- Loan is for personal use by promoters and PACs.
Price Impact
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