SIL Investments Limited grants unsecured loan of upto Rs. 15 crores to Morton Foods Ltd

The Board of Directors of SIL Investments Limited at their meeting held today i.e. 16th June, 2025, have, considered and approved a proposal to grant an unsecured loan of upto Rs. 15,00,00,000/- (Rupees fifteen crores only) to Morton Foods Limited. The loan is being extended in the ordinary course of business and on an arm's length basis.

Morton Foods Limited is a Related Party in accordance with Industry Standards.

As the proposed transaction qualifies as a Material Related Party Transaction, it has been approved by the Audit Committee and is subject to the approval of the shareholders of the Company.

Shares of SIL Investments Limited was last trading in BSE at Rs. 614.00 as compared to the previous close of Rs. 604.55. The total number of shares traded during the day was 20 in over 10 trades.

The stock hit an intraday high of Rs. 614.00 and intraday low of 588.00. The net turnover during the day was Rs. 11973.00.

Source : Equity Bulls

Keywords

SILInvestments INE923A01015 UnsecuredLoan MortonFoods