Praveg amends loan pact with promoter group to allow equity-based repayment
PRAVEG · price
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Praveg Limited has signed a Supplemental Agreement with Jhaveri Credits and Capital Limited, a promoter group entity, to amend the existing Loan Agreement dated May 7, 2025. The amendment provides an enabling framework allowing repayment of outstanding loan principal and accrued interest through issuance of equity shares, convertible warrants, or other securities, subject to regulatory and shareholder approvals. No immediate securities issuance is proposed and there is no impact on management or control.
Potential future equity dilution if the loan is converted into shares, but no immediate impact on shares or control at this stage.