Investment10 Apr 2025, 05:10 pm
SBEC Systems India Ltd Approves Term Loan of Rs. 2.62 Crores from SVC Co-operative Bank for Solar Power Unit Installation
AI Summary
SBEC Systems India Ltd announced that its Board of Directors approved a sanction letter of term loan of Rs. 2.62 Crores from SVC Co-operative Bank Limited. The loan will be utilized for installing a Solar Power Unit. The Company will enter into a Term Loan Agreement to avail the Rupee Term Loan facility. The meeting of the Board of Directors took place on 10th April, 2025, from 11:00 A.M. to 11:30 A.M. The information is requested to be disseminated on your website.
Key Highlights
- SBEC Systems India Ltd approved a term loan of Rs. 2.62 Crores from SVC Co-operative Bank Limited
- The loan is for the installation of a Solar Power Unit
- The Company will enter into a Term Loan Agreement for the Rupee Term Loan facility
- The approval was made at the Board of Directors meeting on 10th April, 2025
- The meeting was held from 11:00 A.M. to 11:30 A.M.