Loan & Debt3 Sept 2026, 07:20 pm
HGM Ltd Approves ₹5.5 Cr Loan to Related Party
AI Summary
HandsOn Global Management (HGM) Ltd announced that its Board of Directors, in a meeting held on September 3, 2026, approved a short-term loan of ₹5.50 Crore to XBP Asia IT Solutions Private Limited, a related party. The loan is for 90 days, carries an interest rate of 10% per annum, and is intended to meet the borrower's short-term funding needs. The company stated that this is a non-material related party transaction under SEBI regulations and was pre-approved by the Audit Committee. The board meeting commenced at 6:30 PM and concluded at 7:00 PM.
Key Highlights
- Board approved a ₹5.50 Crore loan to a related party.
- Loan has a 90-day tenure and 10% annual interest.
- Transaction is deemed non-material under SEBI rules.
- Audit Committee pre-approved the loan.
- Board meeting held on September 3, 2026.
Price Impact
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