We hereby inform that the Company has entered into a Loan against Property Agreement with L&T Finance Ltd.
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Taylormade Renewables has taken a new secured loan of Rs 6.73 crore from L&T Finance Limited by pledging its office property at Solitaire Connect, S.G. Highway, Ahmedabad. The loan carries an interest rate of 9.75% per annum and is repayable over 240 months (20 years). The funds will be used for general working capital needs. The agreement was signed on March 31, 2025, and disclosed to the stock exchange on April 17, 2025. The transaction is not related to the promoter or group companies.
The company has taken on Rs 6.73 crore of new secured debt at 9.75% interest, with a long 20-year repayment window reducing near-term pressure. However, pledging a prime Ahmedabad office property as collateral adds asset encumbrance, which shareholders should track going forward.