Bhatia Communications Approves Rs. 6 Crore Inter Corporate Loan to Skytower Enterprises
Bhatia Communications & Retail (India) Limited announced on April 17, 2026, that its Board of Directors approved entering into a loan agreement with M/s Skytower Enterprises LLP.The agreement, which details an Inter Corporate Loan, was approved during the Board Meeting held on Friday, April 17, 2026.
According to the details provided, Bhatia Communications & Retail (India) Limited will act as the Lender, and M/s Skytower Enterprises LLP will be the Borrower. The total amount of the loan granted is Rs. 6 Crores.
The loan agreement, executed on April 17, 2026, carries several defined terms. The interest rate is set at 9.00% per annum, and the tenure is set for a maximum of 4 Years from the first disbursement or as demanded by the lender. The loan is unsecured.
Key details of the transaction are summarized below:
| Detail | Description |
|---|---|
| Nature of Loan | Inter Corporate Loan |
| Lender | M/s Bhatia Communications & Retail (India) Limited |
| Borrower | M/s Skytower Enterprises LLP |
| Loan Amount | Rs. 6 Crores |
| Interest Rate | 9.00% p.a. |
| Tenure | 4 Years from 1st Disbursement |
| Security | Unsecured |
| Outstanding Loan Amount | Nil (as of the disclosure date) |
The Board Meeting commenced at 3:00 PM and concluded at 3:30 PM. The agreement confirms that there is no related party transaction, nor is there any shareholding in the borrowing entity. Bhatia Communications & Retail (India) Limited noted that the amount outstanding as of the disclosure date was Nil.
The loan facility is structured to be given for a maximum period of 4 Years from the 1st Disbursement, or upon earlier demand by the lender.
Stock Price Movement
Bhatia Communications & Retail (India) Ltd settled at ₹22.64 on Friday, holding steady for the day with no change in its share price. Throughout the session, shares traded within a range, bouncing between a low of ₹22.64 and a high of ₹23.23.Source:
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