R&B Denims Limited Grants Unsecured Loan of Rs 4 Crore to Shah Paper Mills Limited
R&B Denims Limited has entered into a loan agreement with Shah Paper Mills Limited, providing financial assistance for the latter’s business activities. The transaction was formalized on July 28, 2026, involving an unsecured loan amounting to Rs 4,00,00,000/-.The Board of Directors approved the agreement, committing R&B Denims Limited as the lender and Shah Paper Mills Limited as the borrower for the financial support. This transaction is intended to assist Shah Paper Mills with its ongoing business operations.
Details regarding the executed loan agreement are summarized below:
| Particulars | Details |
|---|---|
| Agreement Date | July 28, 2026 |
| Lender | R & B Denims Limited |
| Borrower | Shah Paper Mills Limited |
| Loan Amount | Rs 4 Crore (Rs. 4,00,00,000/-) |
| Nature of Loan | Unsecured |
| Interest Rate | 13.8% per annum |
| Security Provided | Nil |
As per the agreement terms, the loan is unsecured and has a commencement date of July 28, 2026. The tenure of the contract remains in force until repayment on demand or upon earlier termination through mutual consent between the parties.
The details provided confirm that there is no related party relationship between R&B Denims Limited and Shah Paper Mills Limited, nor was this transaction classified as a related party transaction. The total amount of the loan granted by R&B Denims Limited stands at Rs 4 Crore, with zero amount outstanding reported as of the date of execution.
RNBDENIMS Stock Price Movement
Today, R&B Denims Limited shed 1.93%, closing at ₹9.14 after the market close amid ongoing selling pressure. The decline pushed the share price near its 52-week low of ₹9.03, with a total volume of 159,105 shares recorded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.