Loan & Debt4 Jun 2026, 04:14 pm
SRM Energy Loan Written Off by Spice Energy
AI Summary
SRM Energy Ltd has announced that Spice Energy Private Limited has written off the entire outstanding loan amount of ₹3,57,40,630.70 previously advanced to SRM Energy. This write-off will result in the extinguishment of the liability from SRM Energy's books of accounts, to be accounted for as per applicable accounting standards. This action effectively removes a significant debt from SRM Energy's balance sheet.
Key Highlights
- Spice Energy Private Limited wrote off ₹3.57 Cr loan to SRM Energy.
- The outstanding loan liability has been fully extinguished.
- This will impact SRM Energy's balance sheet positively.
- Accounting standards will be followed for the write-off.
Price Impact
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