Loan & Debt5 Mar 2026, 04:21 pm
Sarveshwar Foods Ltd Approves Loan Agreement with Subsidiary Himalayan Ancient Foods
AI Summary
Sarveshwar Foods Ltd has approved an unsecured loan agreement of up to INR 25,00,00,000 with its wholly owned subsidiary, Himalayan Ancient Foods Private Limited. The loan is intended for execution and implementation of the Government Project under HADP and other lawful activities. The agreement was approved during the Board of Directors meeting on 5th March 2026.
Key Highlights
- Sarveshwar Foods Ltd approves a loan agreement with its subsidiary, Himalayan Ancient Foods
- The loan amount is up to INR 25,00,00,000, to be disbursed in one or more tranches
- The loan is intended for execution and implementation of the Government Project under HADP and other lawful activities
- Himalayan Ancient Foods is a wholly owned subsidiary of Sarveshwar Foods Ltd and a related party
- The loan is undertaken on an arm's length basis