Bhatia comms & retail announced that its board of directors has approved entering into a significant loan agreement with Skytower Enterprises LLP. The decision was made during a board meeting held on April 17, 2026, demonstrating the company's strategic approach to inter-corporate lending.

Loan Agreement Details

The comprehensive loan facility encompasses several key parameters that define the financial arrangement between the two entities:

Board Meeting Proceedings

The board meeting was conducted efficiently, commencing at 3:00 PM and concluding at 3:30 PM on April 17, 2026. The meeting was chaired by Managing Director Sanjeev Harbanslal Bhatia, who digitally signed the disclosure documents. The company has fulfilled its regulatory obligations by informing BSE Limited about this material agreement under Regulation 30 of SEBI Listing Regulations.

Relationship and Transaction Structure

The loan agreement maintains arm's length principles with clear independence between the parties:

• Counterparty: Skytower Enterprises LLP
• Promoter Relationship: No relationship with promoter/promoter group
• Related Party Transaction: Does not qualify as related party transaction
• Shareholding: No shareholding in Skytower Enterprises LLP

Regulatory Compliance

Bhatia Communications & Retail has ensured full compliance with SEBI regulations by disclosing the agreement details under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details including the nature of the loan, security provisions, and relationship disclosures as required by regulatory frameworks.

Key Terms and Conditions

The loan agreement incorporates flexible repayment terms, allowing the lender to demand repayment even before the 4-year tenure if required. As of the disclosure date, the outstanding loan amount stands at nil, indicating the agreement represents a new facility rather than refinancing existing debt. The unsecured nature of the loan reflects the confidence in the borrower's creditworthiness and business prospects.

Bhatia comms & retail (India) Limited has filed its quarterly compliance certificate with BSE Limited under SEBI's depositories regulations for the quarter ended March 31, 2026. The certificate submission on April 8, 2026, fulfills the company's regulatory obligations regarding share dematerialization processes.

Regulatory Compliance Certificate

The company submitted the mandatory certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation requires listed companies to confirm proper handling of securities received for dematerialization and adherence to prescribed timelines.

Registrar Confirmation

Purva Sharegistry (India) Private Limited, the company's registrar and transfer agent, provided the underlying certificate confirming compliance with dematerialization procedures. The registrar holds SEBI registration number INR000001112 as a Category 1 Registrars to IPO & Share Transfer Agent.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, certified that all securities received for dematerialization during the quarter were processed according to regulatory requirements and prescribed timelines.

Dematerialization Activity

The detailed report shows no dematerialization activity during the quarter from January 1, 2026 to March 31, 2026:

Compliance Confirmation

The certificate confirms that the company maintains proper records and follows SEBI guidelines for share transfer processes. The filing ensures transparency in the company's share dematerialization activities and demonstrates adherence to regulatory frameworks governing depositories and participants.

This quarterly submission represents part of the ongoing regulatory compliance requirements for listed companies to maintain accurate records of share transfers and dematerialization processes.