JAYKAY ENTERPRISES LTD. Executes Loan Agreement of INR 5,10,00,000 with Subsidiary JK Defence & Aerospace Limited

JAYKAY ENTERPRISES LTD. (JKE), a company listed on the stock exchange, has executed a loan agreement with its wholly owned subsidiary, JK Defence & Aerospace Limited (JK Defence). The loan amount is INR 5,10,00,000, which will be utilized by JK Defence towards subscribing the rights issue of equity shares being offered to it by its subsidiary, Allen Reinforced Plastics Private Limited. The loan is repayable with an interest rate of 10% p.a., and the terms of the loan and repayment have been mutually decided between the parties.