Worth Peripherals Limited — Board Meeting, 19-04-2025: Outcome of Board Meeting

Worth Peripherals Limited has announced a board meeting outcome approving an inter-corporate loan of ₹30 crore to its wholly-owned subsidiary, Worth Wellness Private Limited. This loan aims to support the subsidiary's daily business operations and will be unsecured. The loan is set for a period of three years from disbursement but may be extended as mutually agreed. Given that the subsidiary is fully owned by the company, this transaction qualifies as a related party transaction conducted at arm’s length.