Please be informed that State Bank of India has executed Mortgage Deed and Agreement of Loan-cum-Hypothecation with Trio Infrastructure Pvt Ltd, wholly owned subsidiary of the Company amounting ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ironwood Education's wholly owned subsidiary, Trio Infrastructure Pvt Ltd, has secured a Rs. 40 crore loan from State Bank of India, Borivali Branch, for project development. The loan is structured as a 3-year unsecured term loan, repayable in 4 quarterly installments of Rs. 10 crore each, starting March 31, 2028, with the final installment due December 31, 2028. There is a moratorium period of 2 years and 3 months beginning October 2025. Security is provided through an escrow of sale proceeds from Project Sereno (Wing E and F) being developed in Gokhiwre, Vasai, Palghar. The loan agreement was executed on September 29, 2025.
This is a new credit facility that gives the subsidiary funding to develop its real estate project (Project Sereno) without immediate repayment pressure due to the long moratorium. For Ironwood Education shareholders, this signals project execution is underway, though it also adds debt at the subsidiary level that will need to be serviced from 2028 onwards.