We would like to inform you that the Board of Directors ('the Board') of the Company at its meeting held today i.e. 10th April, 2025 inter-alia has approved the Sanction letter of term ....
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The Board of Directors of SBEC Systems India Ltd, at its meeting held on 10th April 2025, approved a sanctioned term loan of Rs. 2.62 Crores from SVC Co-operative Bank Limited. The loan will be used to install a Solar Power Unit at the company. The company will now enter into a Term Loan Agreement to avail this rupee term loan facility. Further details will be disclosed once the agreement is executed. The board meeting concluded at 11:30 A.M.
This is a positive development as the company is securing fresh debt funding of Rs. 2.62 Crores for a solar power project, which may reduce long-term energy costs and support sustainability, though it adds to the company's debt obligations.