Loan & Debt23 Apr 2026, 06:51 pm
GV Films to avail ₹95 Cr financial assistance from Sanctum Trading
AI Summary
GV Films Ltd's Board of Directors approved availing financial assistance of up to INR 95 Crores from M/s Sanctum Trading Corporation Private Limited. The funding will be provided in one or more tranches, with terms and conditions to be mutually decided. The company's Managing Director, Mr. Balagiri Vethagiri, has been authorized to sign and execute the finance agreement and all related documents. Additionally, the board authorized directors and officers to make necessary regulatory filings, including Form CHG-1 for the creation of a charge. The company also announced the shifting of its Registered Office.
Key Highlights
- GV Films approved availing ₹95 Cr financial assistance.
- Funding to be sourced from Sanctum Trading Corporation Private Limited.
- Managing Director authorized to finalize finance agreement.
- Regulatory filings for charge creation will be made.
- Company's registered office is also being shifted.