Intimation of Term Loan Agreement with SVC Co-operative Bank Ltd.
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SBEC Systems India has entered into a term loan agreement with SVC Co-Operative Bank Ltd dated 24th April 2025 to avail a secured corporate term loan of Rs. 2.62 Crores. The loan will be used to set up a Solar Power Generation unit, indicating a capex push into the renewable energy space. Security for the loan includes solar plant equipment such as mono-crystalline modules, string inverters, and module mounting structures, along with a personal guarantee from promoter Sh. Umesh Kumar Modi. The company also disclosed that it holds 50,750 equity shares (at Rs. 10 each) in SVC Co-Operative Bank, showing a pre-existing relationship with the lender.
Shareholders should note that the company is taking on fresh debt of Rs. 2.62 Crores to fund solar power capacity expansion, which signals new business activity but also adds to the company's debt obligations. The loan size is modest relative to typical corporate borrowings, and personal guarantee from the promoter suggests confidence in the project.