SP Capital Approves ₹95 Cr Related Party Transaction, ₹200 Cr Borrowing Limit

SP Capital Financing Ltd announced the outcome of its board meeting held on July 03, 2026. The board approved a Material Related Party Transaction with Pride Hotels Limited, not exceeding ₹95 crore, subject to shareholder approval. Additionally, the borrowing powers of the company have been enhanced, allowing the board to borrow up to ₹200 crore, also subject to shareholder consent. The board also approved the draft Postal Ballot Notice and set July 03, 2026, as the cut-off date for remote e-voting eligibility. The meeting commenced at 12:04 p.m. and concluded at 12:42 p.m.