Intimation of Loan Agreement/MOU between the company and Unipat Rayon Limited to avail financial assistance/loan from Unipat Rayon Limited upto Rs. 13 Crore for business purpose.
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Baroda Rayon Corporation Ltd has signed a loan agreement/MOU with Unipat Rayon Limited on December 19, 2025, to avail an unsecured loan of up to Rs. 13 crore for business purposes. There is no shareholding between the two companies, and the parties are not related to the promoter or promoter group, so this is not a related-party transaction. The loan carries no security and no special rights such as board appointment or share subscription privileges. As of the date of execution, the total amount outstanding under this facility is nil, indicating the facility is fresh.
This provides Baroda Rayon Corporation with up to Rs. 13 crore of additional unsecured funding capacity, which can support working capital or business expansion. Since the lender is an unrelated third party, the arrangement avoids related-party governance concerns.