Baroda Rayon Corporation Ltd — Updates, 26-05-2025: Company Update

The Baroda Rayon Corporation Limited has announced a board meeting to consider a secured term loan agreement of ₹100 Crore with State Bank of India for a commercial real estate project. The loan is secured by a first charge on movable assets, receivables, and registered mortgages on land and buildings related to Surat Textile Bourse and other plots. Personal and corporate guarantees back the facility. This funding enhances the company’s financial flexibility to support ongoing real estate development, which is key to its operational growth and asset expansion.