Tarini International has received a sanction letter from Cholamandalam Investment and Finance Company, detailing the creation of an equitable mortgage on the company's land (12 Bigha 3 Biswas) as collateral.

This collateral is for facilities availed by Tarini Infrastructure Limited, a material associate.

The company is essentially using its property to secure financing for its associate, creating a charge on these assets.

The board has acknowledged this development.