Sarveshwar Foods Limited has informed the Exchange about Approval of Loan Agreement with Himalayan Ancient Foods Private Limited, a wholly owned subsidiary of the company.
SARVESHWAR · price
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Sarveshwar Foods Limited's board has approved an unsecured loan of up to Rs. 25 crore to its wholly owned subsidiary, Himalayan Ancient Foods Private Limited, on March 5, 2026. The loan will be disbursed in one or more tranches at an arm's length basis, with no security provided. The funds are intended exclusively for executing and implementing a Government Project under HADP (Holistic Agriculture Development Programme). This qualifies as a related party transaction since the borrower is a 100%-owned subsidiary, and there is no outstanding loan amount as of the disclosure date.
This is an internal capital infusion into a wholly owned subsidiary for a specific government project, so it has limited direct impact on shareholders. Investors should monitor the subsidiary's progress on the HADP project, as successful execution could drive future revenue, while any losses at the subsidiary level would affect consolidated financials.