Loan & Debt4 May 2026, 04:41 pm
SBEC Systems India Ltd: ₹2.8 Cr Term Loan from SVC Bank
AI Summary
SBEC Systems India Ltd has entered into a Term Loan Agreement dated May 4, 2026, with SVC Co-operative Bank Ltd to avail a rupee term loan facility of ₹2.80 Crores. The loan will be used for setting up a solar power generation unit. SBEC holds 50,900 equity shares in SVC Bank. The loan is secured by the assets of the solar plant and personal guarantee.
Key Highlights
- SBEC Systems secures ₹2.80 Cr term loan from SVC Co-operative Bank.
- Loan to finance a solar power generation unit.
- Agreement executed on May 4, 2026.
- Loan secured by solar plant assets and personal guarantee.
- SBEC holds equity shares in SVC Co-operative Bank.
Price Impact
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