Sugar Rush: SBEC Inks ₹5 Crore Lifeline with Priyadarshini Polysacks

SBEC Sugar Limited has made an important financial milestone, having signed an agreement with Priyadarshini Polysacks Limited to obtain unsecured financial assistance worth ₹50 million. The action is seen to enhance SBEC Sugar's liquidity position as well as support its current business operations.

 

Main Points

 

Details of the Agreement

SBEC Sugar Limited has signed a binding agreement with Priyadarshini Polysacks Limited for financial support.

 

The deal was signed on April 14, 2025.

 

Financial Support

Total amount drawn by SBEC Sugar under this deal is ₹50 million (₹5 crore).

 

The financial support is unsecured, i.e., not supported by security.

 

Purpose and Effect

The injection is intended to make additional working capital and improve the financial flexibility of the company.

 

This action is expected to enable SBEC Sugar to run its business more effectively and address near-term funding needs.

 

Partnership Overview

Priyadarshini Polysacks Limited, the lending party in this deal, is a well-established name in the sector, adding to the credibility of the transaction.

 

Market Reaction

The news has been featured on all financial news sites, indicating its significance for investors and stakeholders.

 

Sources: MarketScreener, Business Standard, TradingView (Reuters)