The Company has executed the revised loan agreement with the South Indian Bank
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Starlineps Enterprises has signed a revised loan agreement with South Indian Bank on 14th March 2026, updating the original master agreement from June 2025. The revision reflects changes in the security deposits and the interest rate. The facility is an Overdraft of Rs. 12 crore taken against Fixed Deposits, secured by 15 FDs with a total present value of Rs. 13 crore. The lender has no special rights like board nomination or restrictions on capital structure, and there is no related-party connection. The amendment is administrative in nature, keeping the same lender and same OD-against-FD structure.
No major impact expected for shareholders as the loan size (Rs. 12 Cr) and structure (OD against FD) remain unchanged, though the revised interest rate will affect future finance costs.