Ashirwad Steels Grants ₹10 Crore Unsecured Loan to MSP Steel & Power
Ashirwad Steels & Industries has sanctioned an unsecured loan facility of ₹10 crore to MSP Steel & Power Limited for general corporate purposes. The loan was approved on September 4, 2025, as part of Ashirwad's ordinary course of business in financing and investments. The company clarified that this is not a related party transaction and has informed the BSE in compliance with SEBI regulations.
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Ashirwad Steels & Industries , a company engaged in financing and investments, has made a significant move in its ordinary course of business. The company has sanctioned an unsecured loan facility of ₹10 crore to MSP Steel & Power Limited, as disclosed in a regulatory filing to the BSE on September 4, 2025.
Loan Details
The key details of the loan facility are as follows:
| Particulars | Details |
|---|---|
| Borrower | MSP Steel & Power Limited |
| Loan Amount | ₹10,00,00,000 (Ten Crore) |
| Nature | Unsecured |
| Purpose | General corporate purposes |
| Sanction Date | September 4, 2025 |
Regulatory Compliance
Ashirwad Steels & Industries Limited has informed the BSE about this transaction in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that this loan facility is part of its ordinary course of business in financing and investments.
Not a Related Party Transaction
It's worth noting that the company has explicitly stated that this is not a related party transaction. This clarification is important for transparency and to avoid any potential conflicts of interest concerns among shareholders and regulatory bodies.
Impact and Outlook
While the specific terms of the loan, such as interest rate and repayment schedule, were not disclosed, this transaction showcases Ashirwad Steels & Industries Limited's active involvement in its financing business. The loan to MSP Steel & Power Limited, another listed entity, indicates the company's strategy to engage with established players in the market.
For MSP Steel & Power Limited, this unsecured loan facility provides additional liquidity for general corporate purposes, which could potentially support its operational or strategic initiatives.
Investors and market watchers will likely keep an eye on how this loan impacts both companies' financial positions in the coming quarters.
Historical Stock Returns for Ashirwad Steels & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -2.34% | -3.66% | -12.54% | -6.63% | +292.16% |
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