Bartronics India Ltd Secures INR 20 Crore Loan from Promoter Kinex India Private Limited

Bartronics India Limited has entered into an Inter-Corporate loan agreement with Kinex India Private Limited, its promoter, to borrow an unsecured inter-corporate loan facility up to INR 20 crores in multiple tranches. The loan will support the borrower’s business operations and investments in the ordinary course of business. Kinex India Private Limited holds 69.37% of the paid-up share capital of Bartronics India Limited. The interest rate is 7.5% p.a., and the loan is repayable within 12 months. This is a related party transaction, done on an arm’s length basis.