Loan Agreement With Managing Director To Borrow Unsecured Convertible Loan Up To Rs. 100,00,00,000
Dharti Proteins signed a loan agreement dated 28th September, 2026 to borrow an interest-free unsecured loan of up to Rs. 100,00,00,000 from MD & Promoter Mr. Jatinbhai Ramanbhai Patel, convertible into equity shares later.
- Loan Amount
- Rs. 100,00,00,000 (Rupees One Hundred Crores)
- Loan Type
- Unsecured, interest-free, convertible into equity shares
- Lender
- Mr. Jatinbhai Ramanbhai Patel, Promoter and Managing Director
- Board Approval Date
- 01st September, 2026
- Lender Shareholding
- 5.00% of equity share capital
What was shared
Dharti Proteins Limited has disclosed a Loan Agreement dated 28th September, 2026 under Regulation 30 of the Listing Regulations.
- Borrower: the company; Lender: Mr. Jatinbhai Ramanbhai Patel, Promoter and Managing Director.
- Loan amount: up to Rs. 100,00,00,000 (Rupees One Hundred Crores).
- Nature: unsecured loan, convertible into equity shares of the company at a later date.
- Disbursement: in one or more tranches as and when required, through banking channels into the company's designated bank account.
Approvals
The borrowing was approved by the board of directors at its meeting held on 01st September, 2026 and by shareholders at the Annual General Meeting held on 28th September, 2026.
Related party aspect
The lender is the Promoter and Director holding 5.00% of the equity share capital. The transaction falls within related party transactions under the Listing Regulations and is stated to be not at arm's length, because the loan is interest free.
Shareholding in the entity with whom the agreement is executed is stated as 25,000 shares of Rs. 10 each aggregating to Rs. 2,50,000.
Other terms
The update records no special rights such as the right to appoint directors, first right to share subscription, or the right to restrict changes in the capital structure. Issue price and class of shares on conversion are marked as not applicable at this stage, and there is no stated impact on management or control of the listed entity.
What investors may watch
The promoter is offering funding without interest, which reduces borrowing cost for the company. Because the loan is convertible into equity at a later date, the eventual terms and extent of conversion would determine any change in the shareholding pattern.
Also from Dharti Proteins
BSE trading approval received for 5,00,000 equity shares; trading from October 08, 2026
7 Oct 2026
Shareholders Adopt New MOA and AOA at 32nd AGM
30 Sep 2026
More numbers
- Maximum unsecured loan amountRs. 100,00,00,000/-
- Promoter/MD equity holding5.00%
- Shareholding in entity with whom agreement executed (shares)25,000 shares
- Face value per shareRs. 10/- each
- Aggregate value of those sharesRs. 2,50,000
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