StockWatch
·
Packaging
Loan & Debt4 Aug 2026, 05:00 pm

Worth Peripherals Approves ₹20 Cr Loan to Subsidiary

AI Summary

Worth Peripherals Ltd announced that its Board of Directors has approved an Inter Corporate Loan of ₹20 Crores, to be disbursed in one or more tranches, to its wholly-owned subsidiary, Worth Wellness Private Limited. This loan is in addition to the company's approval of Unaudited Financial Results for the quarter ended June 30, 2026, and the appointment of a new Secretarial Auditor for a five-year term. The filing also confirmed the commencement of commercial production by Worth Wellness Private Limited on August 1, 2026, at its new manufacturing facility in Indore.

Key Highlights

  • Company approved ₹20 Cr Inter Corporate Loan to subsidiary.
  • Loan to be disbursed in one or more tranches.
  • Subsidiary Worth Wellness commenced commercial production.
  • Board also approved Q1 FY27 unaudited financial results.
  • Secretarial Auditor appointed for a 5-year term.