Joint Ventures31 March 2026 at 03:31 pm
Artson Ltd converts payables into long-term loan worth Rs. 9.59 crores from Tata Projects Limited
AI Summary
On 31st March 2026, Artson Ltd (formerly Artson Engineering Limited) announced that it has entered into an agreement with Tata Projects Limited (TPL) for the conversion of payables (to TPL) into a long-term loan amounting to Rs. 9,58,68,023 (Rupees Nine Crore Fifty-Eight Lakhs Sixty-Eight Thousand and Twenty-Three Only). This move is aimed at strengthening Artson's financial position.
Key Highlights
- Artson Ltd converts payables into a long-term loan from Tata Projects Limited
- The total loan amount is Rs. 9,58,68,023 (Rupees Nine Crore Fifty-Eight Lakhs Sixty-Eight Thousand and Twenty-Three Only)
- This agreement is a strategic financial decision to improve Artson's financial stability
- The agreement was signed on 31st March 2026
- Deepak Tibrewal, Company Secretary & Compliance Officer (FCS 8925) of Artson Ltd, has confirmed the agreement