Loan & Debt7 May 2026, 05:21 pm
Bhatia Comm. Enters Loan Agreements with Mahek, Siara
AI Summary
Bhatia Communications & Retail (India) Ltd has approved entering into loan agreements with Mahek Creation- Partnership Firm and Siara, Partnership Firm. Each firm will receive a loan of ₹75,00,000 at an interest rate of 9.00% p.a. for a tenure of 30 days. The loans are unsecured, and there are no related party transactions involved. The agreements were approved during a Board of Directors meeting held on May 07, 2026.
Key Highlights
- Bhatia Communications approves loan agreements with Mahek Creation and Siara.
- Each partnership firm to receive ₹75 Lakh loan at 9% interest.
- Loans are unsecured with a tenure of 30 days from the first disbursement.
- No shareholding or related party relationship exists with the borrowers.
- The loan agreements were executed on May 07, 2026.
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