The Board of Directors of Bhatia Communications & Retail (India) Limited , at its meeting held on May 07, 2026, approved entering into loan agreements with two partnership firms — Mahek Creation and Siara — for business purposes. The board meeting commenced at 03:00 PM and concluded at 05:00 PM. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Loan Agreement Details

Bhatia Communications & Retail has executed separate unsecured loan agreements with each of the two partnership firms. Both agreements carry identical financial terms and were executed on the same date. The following table summarises the key details of both loan agreements:

Key Terms and Conditions

Both loan agreements specify that the funds are to be disbursed for business purposes. The loans are structured for a maximum period of 30 days from the date of first disbursement, or as and when demanded by the lender, whichever is earlier. Key highlights of the agreements include:

• Nature: Unsecured loans with no security provided by the borrowers
• Interest Rate: 9.00% per annum for both agreements
• Tenure: Maximum 30 days from first disbursement, subject to earlier recall by the lender
• Outstanding Amount as on date of disclosure: Nil for both agreements
• Shareholding in borrowing entities: Nil

Regulatory and Related Party Disclosures

As disclosed by the company, neither Mahek Creation nor Siara is related to the promoter, promoter group, or group companies of Bhatia Communications & Retail in any manner. Accordingly, neither transaction qualifies as a related party transaction under applicable regulations. No nominee directors, potential conflicts of interest, or other material disclosures have been reported in connection with either agreement. The disclosure was signed by Sanjeev Harbanslal Bhatia, Managing Director, from Surat.

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.