The Company has entered in to Term Loan Agreement dated 4th May, 2026 to avail the rupee term loan facility of Rs. 2.80 Crores from SVC Co-operative Bank Ltd.
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SBEC Systems India Ltd has entered into a Term Loan Agreement dated 4th May, 2026 to avail a Rupee Term Loan facility of Rs. 2.80 Crores from SVC Co-operative Bank Ltd. The loan is secured and will be utilized for setting up a Solar Power Generation unit. The security for the loan includes Mono-Crystalline Modules, Solar String Inverters, Module Mounting Structure, and other ancillary parts. Additionally, Sh. Umesh Kumar Modi has provided a Personal Guarantee. The company holds 50,900 equity shares in SVC Co-operative Bank at Rs. 10 each. The transaction is not a related party transaction and was done at arm's length.
This new debt facility increases the company's leverage and financial obligations. The proceeds being used for a solar power project signals expansion into renewable energy. Shareholders should monitor debt servicing capacity and the project's returns.