Promoter MD lends up to Rs 100 crore interest-free, convertible to equity

Dharti Proteins signed an unsecured loan agreement with its Promoter and Managing Director Mr. Jatinbhai Ramanbhai Patel for up to Rs 100 crore. The loan is interest-free and convertible into equity shares at a later date. Funds will be disbursed in tranches as needed. Since the lender is the promoter-director holding 5 percent stake, it is a related party transaction and explicitly not at arm's length due to the interest-free nature.