R&B Denims approves ₹10 crore unsecured loan to Ganpati Energy
- R&B Denims approved a ₹10 crore unsecured loan to Ganpati Energy Private Limited
- The loan carries an interest rate of 13.80% per annum with repayment on demand
- Ganpati Energy is not a related party and R&B Denims holds no stake in it
- The transaction was approved during the board meeting held on August 27, 2026
*this image is generated using AI for illustrative purposes only.
R&B Denims board approved an unsecured loan agreement of ₹10 crore to Ganpati Energy Private Limited on August 27, 2026. The transaction provides financial assistance for the borrower’s business activities.
The Board of Directors meeting commenced at 3:00 pm and concluded at 3:40 pm in Surat. The company disclosed the outcome pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Loan Agreement Details
The agreement is structured as follows:
| Particulars | Details |
|---|---|
| Lender | R&B Denims Limited |
| Borrower | Ganpati Energy Private Limited |
| Loan Amount | ₹10 crore |
| Interest Rate | 13.80% p.a. |
| Security | Nil (Unsecured) |
| Tenure | Repayment on demand or earlier mutual consent |
| Shareholding in Borrower | Nil |
| Related Party Transaction | No |
Ganpati Energy Private Limited is not related to the promoter group or group companies of R&B Denims. The transaction does not fall under related party transactions. No shares were issued as part of this agreement.
What the Numbers Show
The unsecured nature of the ₹10 crore exposure means R&B Denims holds no collateral against Ganpati Energy. With a nil shareholding in the borrower, the return relies entirely on the contractual interest obligation of 13.80% per annum.
Historical Stock Returns for R&B Denims
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.93% | +14.69% | +1.08% | -84.37% | 0.0% | 0.0% |
How does the ₹10 crore unsecured exposure impact R&B Denims' current debt-to-equity ratio and overall liquidity position?
What specific due diligence criteria did the board use to approve an unsecured loan to a non-related party in the energy sector?
Could this transaction signal a strategic shift for R&B Denims towards diversifying its investment portfolio beyond its core textile operations?
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