Borana Weaves Limited has approved an unsecured loan facility of up to ₹5 crore for Win Star Industries Private Limited. The board sanctioned the agreement during its meeting on September 5, 2026.

The transaction is structured as a non-related party deal with no equity stake held by the lender in the borrower. The agreement was executed on September 5, 2026, with an annual interest rate of 12%. The loan remains outstanding until repayment on demand or earlier termination by mutual consent.

Deal Structure

The financing arrangement involves no collateral or security from Win Star Industries. Borana Weaves confirmed it holds no shareholding in the entity receiving the funds. The company stated the purpose of the loan is to provide financial assistance towards the borrower's business activities.

What the Numbers Show

The decision to extend an unsecured loan at a fixed 12% interest rate indicates a reliance on the borrower's creditworthiness rather than asset backing. With no collateral provided, the risk profile of this ₹5 crore exposure is higher than secured lending, though the repayable-on-demand clause offers liquidity flexibility to the lender.

Borana Weaves has scheduled its sixth annual general meeting for September 29, 2026. The meeting will be held via video conference or other audio-visual means starting at 11:30 am.

The company issued a web-link letter to shareholders who have not registered their email addresses with the registrar or depository participants. This communication complies with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Accessing Corporate Documents

Shareholders can access the electronic copies of the AGM notice and the annual report for FY26 through the provided web links. Physical copies are not being sent to members without registered email IDs.

The notice was signed by Ankur Mangilal Borana, Executive Director and Chief Executive Officer.