BN Agrochem Approves Rs500 Crore Borrowing And Rs750 Crore Related Loans

Board ratified Rs15 Cr borrowing from promoter-group AAG Capital and Rs15 Cr loan to BN Agritech, and approved up to Rs500 Cr borrowing and Rs750 Cr loans each to BN Agritech, Salasar and A1 Agri. First two-way promoter funding loop; recipients are merger transferors. Extends related-party support after recent guarantees and fits aggressive consolidation playbook with governance friction. Borrowing at 12% for up to 1 yr, onward loans at 12%+; pacts yet to be signed, shareholder approval pending. Postal ballot Nov21-Dec20; Rs15 Cr tranches already drawn were ratified after availment.