ALPHA TRIBE

Worth Peripherals LimitedBoard Meeting, 14-06-2025: Outcome of Board Meeting

14-06-2025 | 04:05 pm

Worth Peripherals has announced a board meeting approving a Rs. 50 Cr inter-corporate loan to its wholly-owned subsidiary, Worth Wellness Private Limited. This unsecured loan, priced at prevailing RBI yield rates, aims to bolster the subsidiary’s working capital for daily operations. The three-year tenure, extendable by mutual consent, enhances Worth Wellness’s liquidity to fuel operational growth. There are no existing loans between the two companies, marking this as a fresh financial support move.

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