Business Update20 Feb 2026, 05:51 pm
Ladam Affordable Housing Ltd. Approves Waiver of Outstanding Loans to Associate Companies
AI Summary
In a recent meeting, the Board of Directors of Ladam Affordable Housing Ltd. approved the waiver of outstanding unsecured loans granted to Ladam Foods Private Limited and Lacon India Limited, both associate companies of Ladam Affordable Housing Ltd. The meeting, which started at 5:00 PM and concluded at 5:30 PM, also requested shareholders to take this development on record.
Key Highlights
- Ladam Affordable Housing Ltd. approved the waiver of outstanding loans to Ladam Foods Private Limited and Lacon India Limited.
- Both Ladam Foods Private Limited and Lacon India Limited are associate companies of Ladam Affordable Housing Ltd.
- The decision was made in a Board Meeting held on February 20, 2026.
- The meeting was held from 5:00 PM to 5:30 PM.
- Shareholders are requested to take note of this development.