BVCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Barak Valley Cements Ltd has signed an MoU with LKC Industries and Infra Private Limited to avail an inter-corporate loan of up to Rs. 2.65 crore (Rs. 2,65,00,000). The loan is unsecured and will be used for operational expenses, working capital requirements, and other lawful business activities in the ordinary course of business. The loan agreement was executed on May 30, 2026. Importantly, the transaction is a related party transaction as the promoters of BVCL and LKC are the same persons. The company has clarified that the transaction is conducted at arm's length pricing.
This is a related party borrowing arrangement that may raise concerns about corporate governance due to common promoters. The loan amount of Rs. 2.65 crore is relatively modest for a listed cement company and appears to be for routine working capital needs.