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SBEC Sugar LtdUpdates, 27-06-2025: Company Update

27-06-2025 | 09:41 pm

SBEC Sugar Limited has announced a board meeting on the financial results for the quarter and half-year. The company has entered into a Rs 40 crore term loan agreement with Arka Fincap Limited to pay long-term raw material suppliers. The loan tenure is up to five years and is secured by an equitable mortgage on fixed assets, hypothecation of cash flows, personal guarantees from two directors, charge over a management consultancy contract, a debt service reserve account, a demand promissory note, and an unconditional deferred credit for principal and interest. There are no related-party concerns or shareholding involvement in the transaction.

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