Additional Term Loan of Rs 75 Crore Availed from Kotak Mahindra Bank, Total Facilities Rs 124 Crore

The company has availed an additional Term Loan of Rs 75,00,00,000 from Kotak Mahindra Bank, along with renewal of existing working capital facilities of Rs 49,00,00,000 — aggregating Rs 124,00,00,000.

Thu 1 Oct 2026

Term Loan Amount

Rs 75,00,00,000

Working Capital Facility

Rs 49,00,00,000

Total Facilities

Rs 124,00,00,000

Interest Rate

10%

Repayment Period

60 Months

What was announced

The Board informed exchanges that the company has availed an additional Term Loan facility of Rs 75,00,00,000 from Kotak Mahindra Bank Limited, along with renewal of existing working capital facilities of Rs 49,00,00,000, aggregating Rs 124,00,00,000, under the bank's sanction letter dated 29.09.2026.

Key terms

• Interest Rate: 10%
• Repayment: within 60 Months
• Purpose: part repayment of ICD of AIA Engineering Limited
• Total amount of loan outstanding: Rs 124,00,00,000

Security and guarantees

• Hypothecation of the entire current assets of the company (present and future) and all movable fixed assets (excluding those exclusively financed by other banks/financial institutions), including assets at the Bharapar, Gandhidham plant.
• Unconditional and irrevocable personal guarantees of Mahesh Kumar Agarwal and Kaustubh Agarwal, valid during the tenure of the facility.
• Unconditional and irrevocable corporate guarantee of Sree Metaliks Limited, valid during the tenure of the facility.

Other details

• The lender holds no shareholding in the company.
• The parties are not related to promoters/promoter group/group companies, and the transaction is not a related party transaction.
• No shares are issued in connection with the facility.

How investors may read it

The funding replaces an inter-corporate deposit with bank debt at a stated 10% rate over a five-year repayment window. Investors may watch interest costs and the overall debt level in upcoming results, since company assets are hypothecated as security.

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