Loan & Debt26 Mar 2026, 09:11 pm
Sadbhav Engineering Ltd Signs Master Restructuring Agreement with Majority Lenders for Debt Restructuring
AI Summary
Sadbhav Engineering Limited has entered into a Master Restructuring Agreement (MRA) with a majority of its consortium lenders for the debt restructuring plan. The MRA, executed on 25th March, 2026, involves debt aggregating to Rs. 1,516.71 Crores, comprising of a fund-based exposure of Rs. 906.35 Crore and non-fund based limits of Rs. 610.36 Crore. The fund-based exposure will be restructured as convertible debentures. The MRA also provides for additional lenders to accede to the agreement at a later date.
Key Highlights
- Sadbhav Engineering Limited has signed a Master Restructuring Agreement (MRA) with a majority of its consortium lenders for debt restructuring.
- The MRA involves debt aggregating to Rs. 1,516.71 Crores, comprising of a fund-based exposure of Rs. 906.35 Crore and non-fund based limits of Rs. 610.36 Crore.
- The fund-based exposure will be restructured as convertible debentures.
- The MRA provides for additional lenders to accede to the agreement at a later date.
- The MRA has been executed in relation to various underlying agreements including loan agreement entered into on March 18, 2008.