we wish to inform you that the Board of Directors ('Board') of the Company, at their meeting held today i.e. Saturday, March 21st 2026, inter alia, considered and approved the following ....
Awaiting price reaction for this filing.
BCL Enterprises' board met on March 21, 2026 and approved two key items. First, it appointed Ms. Sangeeta Chauhan, a Chartered Accountant, as an Additional Non-Executive Independent Director, subject to shareholder approval. Second, the board approved Inter-Corporate Loan Agreements totaling INR 300 crores from six lenders, including Intrum Global, Intrum Wealth Management, and Aadrika Texturising & Fabrics. The loans are unsecured and carry an option to convert into equity shares of the company. No shares are being issued at this stage. Shareholder approval for the loan facility was already obtained on March 19, 2026.
The INR 300 crore loan with an equity conversion option is significant — if converted, it would lead to dilution for existing shareholders. The conversion option gives lenders potential equity upside, which could affect shareholding structure. The new independent director brings financial and compliance expertise, strengthening board oversight.