SBEC Systems (India) Limited Enters into Rs 2.80 Crore Term Loan Agreement with SVC Co-Operative Bank
SBEC Systems (India) Limited has entered into a term loan agreement with SVC Co-Operative Bank Ltd for Rs 2.80 Crores on May 4, 2026. The secured corporate term loan will be utilized for setting up a solar power generation unit. The company holds 50,900 equity shares in the bank at Rs 10 each. The loan is secured against solar equipment including mono-crystalline modules, inverters, mounting structures, and ancillary parts, along with a personal guarantee from Umesh Kumar Modi.

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SBEC Systems (India) Limited has entered into a term loan agreement with SVC Co-Operative Bank Ltd to avail a Rupee Term Loan facility amounting to Rs 2.80 Crores. The agreement was executed on May 4, 2026, and the disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The secured corporate term loan will be utilized for setting up a solar power generation unit. The total loan amount granted is Rs 2.80 Crores, with the agreement executed on May 4, 2026. The company holds 50,900 equity shares at the rate of Rs 10 each in SVC Co-Operative Bank Ltd.
Key Details of the Agreement
| Sr. No. | Particulars | Disclosures |
|---|---|---|
| 1 | Name of the Party | SVC Co-Operative Bank Limited |
| 2 | Purpose | Corporate Term Loan for Solar Power Generation unit |
| 3 | Size of Agreement | Rs. 2.80 Crores |
| 4 | Shareholding | 50,900 equity shares at Rs 10 each |
| 5 | Related Party | No |
| 6 | Related Party Transaction | No |
Security Details
The loan is secured against specific assets and guarantees. The security includes mono-crystalline modules of 590 Wp capacity, 100-110 KW solar string inverters (9 units), complete module mounting structure sets, and other ancillary parts used in the solar plant setup. Additionally, a personal guarantee has been provided by Umesh Kumar Modi.
The disclosure confirms that the parties are not related to the promoter or promoter group, and the transaction does not fall within related party transactions. The company has requested the stock exchange to take the disclosure on record.
Historical Stock Returns for SBEC Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | +4.76% | +4.94% | -23.53% | -3.57% | +288.67% |
How will the solar power generation unit impact SBEC Systems' operational costs and energy self-sufficiency over the next 3-5 years?
Could this initial solar investment signal a broader renewable energy strategy for SBEC Systems, potentially leading to larger capital expenditures or additional green financing?
How might SBEC Systems' existing shareholding in SVC Co-Operative Bank influence its future borrowing relationships or financing terms with the lender?

































