Dear Sir, In continuation to our earlier update on the board meeting , there is inadvertent typographic error. Hereby attached revised out come of the Board meeting. Consider the same ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KELTECH Energies Ltd has executed an inter-corporate loan agreement with Dolphin Investment Limited, a promoter group company, on April 16, 2025. The loan size is up to INR 15 crores, unsecured, carrying an interest rate of 10.05% (described as at prevailing market rate) over a 5-year tenure. The filing is a resubmission correcting typographical errors in an earlier board meeting outcome disclosure, with no substantive change to the loan terms. Since Dolphin Investment is part of the promoter group, this qualifies as a related party transaction, which the company states is being done at arm's length.
The loan deploys up to INR 15 crores of company funds into a promoter group entity, which raises governance questions for minority shareholders about fund usage despite the arm's length justification. The actual financial terms are unchanged from the original filing, so no material new impact on the stock is expected.