NewMalayalam Steel Approves ₹100 Crore Working Capital Loan To Prime NMS

Board approved working-capital loan/guarantee support to 91.76%-held subsidiary Prime NMS Private Limited, capped at Rs 100 Cr. Transaction is a related-party transaction at arm's length; material RPTs with Jaihind Tubes, Jaihind Steel and Demac Industries require shareholder approval. No amount outstanding or security is disclosed for the subsidiary loan; terms and quantum of the other material RPTs are not provided.