Alka India Limited Enters Loan Agreement for Rs. 6.75 Crore Quasi Equity Conversion
Published on: Feb. 27, 2026, 6:11 p.m. | Source: scanx.trade
Alka India Limited has entered into a loan agreement dated February 27, 2026, with promoter-director Jatinbhai Ramanbhai Patel to convert Rs. 6.75 crore quasi equity into 45 lakh equity shares at Rs. 15 per share. The funds were received across multiple tranches totaling Rs. 7.25 crore, with Rs. 50 lakh already converted to preferential shares in April 2025. The conversion is subject to shareholder approval at the Annual General Meeting and complies with SEBI listing regulations.
