On 16th April 2025, Keltech Energies Limited informed the Bombay Stock Exchange (BSE) that it has entered into a loan agreement with Dolphin Investment Limited. This update was shared under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the announcement, Keltech Energies has received an inter-corporate loan of up to ₹15 Crores from Dolphin Investment Limited. The loan is unsecured, meaning Keltech did not have to provide any assets as security. The loan carries an interest rate of 10.05% and has a tenure of 5 years, with a provision for extension if both parties agree.
Dolphin Investment Limited is related to the promoter or promoter group of Keltech Energies. Even though the lender is a related party, Keltech has stated that the transaction was carried out on an arm’s length basis, meaning the terms are fair and similar to what would be offered by an unrelated party. As of the date of the announcement, the loan had not yet been disbursed.
Keltech also confirmed that no shares or special rights, such as board appointments or preferential subscription rights, are being given to Dolphin Investment Limited as part of this deal.
Since the loan is unsecured and involves a related party, the agreement may raise questions among investors and stakeholders. However, Keltech’s assurance of fairness and transparency aims to address any concerns regarding the financial dealings with its promoter group.
