R&B Denims Ltd Approves ₹4 Crore Loan to Shah Paper Mills Ltd

R&B Denims Ltd announced that its Board of Directors, in a meeting held on July 28, 2026, approved entering into a loan agreement with Shah Paper Mills Limited. The company will grant an unsecured loan of Rs. 4,00,00,000/- (₹4 Crore) to Shah Paper Mills Limited to support its business activities. The loan agreement has an interest rate of 13.8% per annum and will remain in force until repayment on demand or earlier termination by mutual consent. The transaction is not considered a related party transaction, and no security has been provided for the loan.