Baba Food Processing (India) Limited has secured approval for a Working Capital Term Loan of ₹4.18 Cr from Axis Bank Limited under the ECLGS 5.0 Scheme. The decision was taken by the Board of Directors during a meeting held on June 22, 2026, at the company's registered office in Ranchi, Jharkhand. This financial facility aims to support the company's working capital requirements through the government-backed emergency credit line guarantee scheme.

Board Meeting Details

The board meeting commenced at 2:00 P.M. and concluded at 2:30 P.M. on June 22, 2026. The proceedings were conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval for the loan facility was a key agenda item during the session.

Loan Facility Breakdown

The approved loan facility is structured as a Working Capital Term Loan under the ECLGS 5.0 Scheme. The company will execute all necessary documents to finalize the agreement with Axis Bank Limited.

The disclosure was submitted to the National Stock Exchange of India Ltd by Sonal Agarwal, Company Secretary and Compliance Officer of Baba Food Processing (India) Limited.

Baba Food Processing (India) Limited has confirmed that its promoters have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. This disclosure ensures that the share capital pledged by the promoters remains free of charges, which is a key indicator of financial stability for shareholders. The declaration was submitted to the National Stock Exchange of India Ltd in compliance with regulatory requirements.

The filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that promoters disclose any encumbrance created on their shares, providing transparency regarding the leverage of the company's primary owners. The absence of such encumbrances indicates that the promoters have not used their equity stakes as collateral for loans during the specified period.

The declaration was signed by Binita Sahu, Promoter and Whole-time Director of the company. She confirmed the status on behalf of herself and fellow promoter Yogesh Kumar Sahu. The document was formally submitted to the exchange by Sonal Agarwal, the Company Secretary and Compliance Officer, on April 03, 2026.

Key Details of the Filing

The confirmation covers the promoters and persons acting in concert with them. By verifying that no shares were pledged or otherwise encumbered, baba food processing has met its disclosure obligations for the financial year. The document serves as a formal record for the exchange and the company's shareholders.