StockWatch
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Civil Construction
Loan & Debt1 Sept 2026, 06:20 pm

B.R. Goyal Infrastructure Signs ₹2.5 Cr Inter-Corporate Deposit Agreement

AI Summary

B.R. Goyal Infrastructure Limited has executed an Inter-Corporate Deposit (ICD) Agreement with Right Time Consultancy Services Private Limited for an amount of ₹2.50 Crore. The purpose of this agreement is to raise funds for the company's working capital requirements. The ICD has a term of 12 months with a 6-month lock-in period and carries an interest rate of 12% per annum. The facility is unsecured. The agreement was executed on September 1, 2026. The other party, Right Time Consultancy Services Private Limited, is not related to the promoters or group companies, and the transaction is not considered a related party transaction.

Key Highlights

  • Executed an Inter-Corporate Deposit Agreement for ₹2.50 Crore.
  • Funds to be used for working capital requirements.
  • Agreement term is 12 months with a 6-month lock-in.
  • Interest rate is 12% per annum on an unsecured facility.
  • Transaction is not with a related party.