Intimation of loan agreement

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₹132.00

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.1% vs market

Residential, Commercial Projects peers, median of 52sector-0.1%-1.1% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.1 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 52Pending

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AI summary

Baroda Rayon Corporation Ltd has entered into a loan agreement with State Bank of India on May 26, 2025, to avail a secured term loan of ₹100 Crore. The loan is intended to fund a commercial real estate project, specifically the Surat Textile Bourse (STB) Phase 1-Part B. Security includes a first charge on the project's movable assets, receivables, and a registered mortgage on 197 units of land and building. The loan is backed by personal guarantees from promoter Mr. Damodarbhai Patel, his family members, and corporate guarantees from Sejima Texyarn Pvt Ltd and Kanchenjunga Texturisers Pvt Ltd. As of the disclosure date, the loan amount outstanding is nil, indicating fresh disbursement.

Likely market impact

This ₹100 Crore secured term loan from a major public-sector bank strengthens the company's balance sheet and provides dedicated funding for its commercial real estate venture. For shareholders, this signals project execution capacity, though the reliance on promoter personal guarantees and group company collateral reflects the leveraged nature of the expansion.