Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015
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Anand Projects Ltd has renewed an Inter-Corporate Loan Agreement with Quiet Enterprises LLP, originally intimated on September 30, 2024. The loan size is up to Rs. 25 crore, to be disbursed in one or more tranches, carrying an interest rate of 8.00% per annum. The loan is unsecured, repayable on demand, and is not a related party transaction. The borrower holds no shares in Anand Projects and no special rights such as board appointment or capital structure control are attached. The board approved the renewal at its meeting held on May 29, 2025.
The renewal signals continued deployment of company funds into inter-corporate lending at a modest 8% return, which is fairly low yield and may raise questions about capital allocation efficiency, though the demand-repayable structure keeps liquidity flexible.