Worth Peripherals Limited has informed the Exchange regarding Board meeting held on April 19, 2025 and that it has been approved to provide the inter corporate loan of Rs. 30.00 crore (Rs. Thirty Crores only) in one or more tranches to Worth Wellness Private Limited (Wholly-Owned Subsidiary).
WORTHPERI · price
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The board of Worth Peripherals Limited, in a meeting held on April 19, 2025, approved providing an inter-corporate loan of Rs. 30 crore to its wholly-owned subsidiary, Worth Wellness Private Limited. The loan will be disbursed in one or more tranches. Since the borrower is a wholly-owned subsidiary, this represents an internal fund allocation within the group rather than an external lending arrangement.
This is a movement of funds within the company group to its fully-owned subsidiary. Shareholders should note that Rs. 30 crore is being deployed from the parent, which could temporarily reduce the parent's liquidity but is aimed at supporting the subsidiary's growth or operations. There is minimal counterparty risk since the subsidiary is fully owned by the company.