Roopa Screen borrowings are secured by promoter properties

Roopa Screen Limited had Rs 8.915 crore of secured Bank of Baroda borrowings outstanding on August 31, 2026, backed by company assets and mortgages over properties owned by named individuals. The Rs 4 crore solar-plant loan also carried personal guarantees from four individuals, while unsecured director loans totalled Rs 2.8652 crore.

What was Roopa Screen’s secured debt at August 31, 2026?

Roopa Screen had five Bank of Baroda facilities with a combined outstanding balance of Rs 8.915 crore on August 31, 2026. The largest balance was Rs 3.8236 crore under a cash-credit facility, followed by a Rs 4 crore solar-plant term loan, Rs 74.61 lakh for plant and machinery, Rs 28.97 lakh for a factory building and Rs 5.56 lakh for working capital. Cash credit is a revolving bank facility used to fund working-capital requirements.

The five facilities had combined sanctioned amounts of Rs 11.7302 crore, compared with the Rs 8.915 crore outstanding balance reported in the indebtedness certificate. The Rs 6.25 crore cash-credit limit was not fully drawn on August 31, 2026, while the factory-building and plant-and-machinery loans had reduced from sanctioned amounts of Rs 37.23 lakh and Rs 95.52 lakh, respectively. The Rs 4 crore solar loan remained outstanding at its sanctioned amount.

Interest terms differed across the Bank of Baroda facilities. The cash-credit and factory-building loans were listed at 10.15%, the plant-and-machinery facility at 11.25%, and the working-capital loan at 7.5% at the stated time, subject to a 9.25% maximum. The solar loan was linked to a 5.25% repo rate plus a 2.65% markup and was repayable over 84 instalments, including a six-month moratorium, which is a period before scheduled principal repayment starts.

Which promoter properties secure Roopa Screen borrowings?

Roopa Screen’s first four Bank of Baroda facilities were secured by mortgages over four specified properties as well as company assets. One factory land-and-building property at Gallops Industrial Park-III in Sanand, Ahmedabad, was recorded as owned by Kunal Ghanshyambhai Thakkar, with leasehold rights held by Roopa Screen. The property had a stated super built-up area of 1,110.36 square metres, including 368 square metres of construction.

The other properties listed for those four facilities were a 998.19-square-metre factory property at Gallops Industrial Park-II in Sanand owned by Ghanshyambhai R. Thakkar, an 18.40-square-metre commercial shop in Surat owned by Ghanshyambhai Ranchhoddas Thakkar, and a 150-square-yard flat in Ahmedabad owned jointly by Ghanshyambhai R. Thakkar and Bhartiben G. Thakkar. Roopa Screen’s September 8, 2026 board disclosure identifies Ghanshyambhai Thakkar as managing director.

The Rs 4 crore solar-plant loan also included extensions of mortgages over the two Sanand factory properties, the Surat shop and the Ahmedabad flat. Its separate security package included a mortgage over leasehold rights on 22,522 square metres at Devpur, Kankrej, Banaskantha, where the ground-mounted solar project was established. The certificate records that land in the names of Vijaybhai Velabhai Patni, Manjubben Kantibhai Patni, Gajiben Sonabhai Patni and Rayabhai Sonjabhai Patani, without stating their relationship, if any, to Roopa Screen.

How do company assets and guarantees support Roopa Screen’s loans?

Roopa Screen also gave Bank of Baroda security over operating assets for the first four facilities, extending the collateral package beyond the named properties. The charges covered present and future raw materials, stock in process, stores, spares, packing material, finished goods and book debts. Hypothecation is a security interest over movable assets, while book debts are amounts receivable from customers.

The same security package covered Roopa Screen’s present and future machinery, equipment, electrical installations, furniture, fixtures and other movable fixed assets, plus a lien-marked fixed deposit receipt of Rs 9.62 lakh. The certificate states that the cash-credit facility is subject to annual review. It also provides for a commitment charge of 0.50% a year plus goods and services tax if average utilisation of the working-capital limit falls below 60% of the sanctioned or operative limit.

The solar facility had a first and exclusive hypothecation charge over the solar plant and related fixed assets. It also required a Rs 19.47 lakh fixed deposit in Roopa Screen’s name as a debt-service reserve account, or DSRA, equal to three months of equated monthly instalments for the term of the loan. A DSRA is a deposit set aside to support scheduled debt payments.

The certificate lists personal guarantees from Kunal Ghanshyam Thakkar, Ghanshayam R. Thakkar, Preksha Kunal Thakkar and Bhartiben Ghanshyambhai Thakkar under the solar-loan security terms. A personal guarantee gives the lender recourse to the guarantor under the guarantee contract if the borrower does not meet its obligations. The August 31, 2026 certificate lists these four guarantees specifically for the Rs 4 crore solar loan, rather than expressly attaching them to every Bank of Baroda facility.

How do director loans change Roopa Screen’s funding picture?

Roopa Screen reported Rs 2.8652 crore of unsecured business loans from four directors on August 31, 2026, separate from the Rs 8.915 crore secured-loan balance. Each unsecured loan carried 6.5% interest and was payable on demand. A payable-on-demand loan has no fixed maturity stated in the certificate and may be sought for repayment under its terms.

Ghanshyambhai Ranchhodbhai Thakkar provided the largest director loan, at Rs 1.0857 crore. Bhartiben Ghanshyambhai Thakkar provided Rs 66.46 lakh, Kunal Ghanshyambhai Thakkar Rs 56.96 lakh and Preksha Kunal Thakkar Rs 54.52 lakh. The four loans represented about 24% of the Rs 11.7802 crore combined secured and unsecured balances reported as of August 31, 2026.

The disclosures show two forms of identified individual support for Roopa Screen’s funding: mortgages and guarantees supporting bank facilities, and direct unsecured lending at 6.5%. The certificate does not say that the unsecured lenders waived repayment, converted their loans into equity or agreed to a fixed repayment date. Roopa Screen’s funding position therefore depends on both the Bank of Baroda repayment schedules and the treatment of the payable-on-demand director loans.

Conclusion

Roopa Screen’s August 31, 2026 financing combined Rs 8.915 crore of secured Bank of Baroda facilities with Rs 2.8652 crore of unsecured director loans. The secured facilities were backed by inventory, receivables, machinery, fixed deposits and solar-project assets, but their security terms also included mortgages over factory, commercial and residential properties held by named individuals and four personal guarantees for the solar loan.

The next disclosed developments to watch are the annual review of the Rs 6.25 crore cash-credit limit, the 84-instalment repayment schedule for the Rs 4 crore solar loan and the status of the Rs 2.8652 crore loans payable on demand. The certificate discloses no refinancing plan, no waiver of director repayment rights and no conversion of these unsecured balances into equity as of August 31, 2026.