Board approves Rs 5 Cr loan to wholly owned subsidiary
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Vibhor Steel Tubes board approved an unsecured loan of Rs 5 crore to its wholly owned subsidiary Viyom Steel Infra for working capital and purchase of land to set up a manufacturing facility for transmission towers, monopoles, crash barriers, and allied products. Interest rate is 9.5%, repayable on demand up to 10 years. The loan is a related party transaction done at arm's length. Total outstanding loans to the subsidiary now stand at about Rs 17.43 crore, including an earlier Rs 20 crore loan from August 2026.
Funds subsidiary capacity expansion in infra products. Raises parent exposure to about Rs 17.43 crore, though arm's length and 100 percent owned.