Prakash Industries secures ₹75 crore inter-corporate loan from promoter group entity

Prakash Industries Limited (PIL) announced its board of directors approved an inter-corporate loan of ₹75 crores from Prakash Pipes Limited (PPL), a promoter group entity. This decision, made during a board meeting on December 18, 2025, aims to fund general corporate purposes and meet the working capital requirements of Prakash Industries.

The loan agreement stipulates an interest rate of 12% per annum and has a tenure of up to three years, with the possibility of extension by mutual consent. The loan is unsecured and will not confer any special rights. Both PIL and PPL are identified as part of the same promoter group, making this an arm's length related party transaction.

The company emphasized that this information is disclosed in accordance with Regulations 23 and 30 of the SEBI (LODR) Regulations, 2015.