Disclosure under regulation 30 of SEBI(LODR), 2015 - grant of loan in the ordinary course of business
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Ashirwad Steels & Industries Ltd, whose business includes financing and investments, has sanctioned an unsecured loan of ₹10 Crore to MSP Steel & Power Limited, another listed company. The loan was sanctioned on 4 September 2025 and is intended for general corporate purposes. The company clarified this is not a related-party transaction and was done in the ordinary course of its financing business. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements rules.
For shareholders, this is a routine deployment of capital aligned with the company's stated financing and investments business. The ₹10 Crore loan to another listed entity carries credit risk, but no immediate material impact on the stock price is expected from this disclosure alone.