Joint Ventures1 April 2026 at 12:21 pm
Oscar Global Ltd. to Provide Additional Loan of Rs. 35 Lakhs to Durgesh Merchant Limited
AI Summary
In a recent board meeting held on 1st April, 2026, Oscar Global Ltd. has decided to grant an additional loan of Rs. 35 lakhs to Durgesh Merchant Limited, increasing the total loan amount to Rs. 160 lakhs. The loan is unsecured, payable on demand, and bears an interest rate of 9% per annum. The purpose of the agreement, its size, and the non-involvement of related parties have been disclosed.
Key Highlights
- Oscar Global Ltd. to grant an additional loan of Rs. 35 lakhs to Durgesh Merchant Limited.
- The total loan amount will increase to Rs. 160 lakhs, consisting of Rs. 125 lakhs in existing loans and Rs. 35 lakhs in fresh loans.
- The loan is unsecured and payable on demand.
- The interest rate for the loan is 9% per annum.
- No related parties are involved in the transaction.