R&B Denims Approves ₹4 Crore Loan to Shah Paper Mills
R&B Denims Limited approved an unsecured loan of ₹4 Crore to Shah Paper Mills Limited. The loan agreement was executed on July 28, 2026, with an interest rate of 13.8% per annum. Shah Paper Mills is not a related party, and no security has been provided.
The loan of ₹4 Crore represents a notable financial commitment. While it's an unsecured loan and the borrower is not related, the interest rate and tenure are material details that could impact the company's liquidity and profitability.
The announcement details a loan agreement, which is a standard business transaction. While it involves a significant amount, it does not immediately suggest a substantial positive or negative impact on the company's financial health without further context.
R&B Denims Limited announced that its Board of Directors, in a meeting held on Tuesday, July 28, 2026, approved the execution of a loan agreement with Shah Paper Mills Limited. The meeting commenced at 3:00 PM and concluded at 3:45 PM.
The company will provide an unsecured loan of ₹4 Crore to Shah Paper Mills Limited to support its business activities. The loan agreement, executed on July 28, 2026, carries an interest rate of 13.8% per annum. The tenure of the contract is until repayment on demand or earlier termination by mutual consent. Shah Paper Mills Limited is not a related party to R&B Denims, its promoters, or group companies, and the transaction does not fall under related party transactions. No security has been provided for this loan, and the amount of loan outstanding as on the date of disclosure is Nil.
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R&B Denims Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by R&B Denims Limited. Read the original for the full detail.