StockWatch
·
Other Textile Products
Loan & Debt6 Oct 2026, 12:56 pm

Prakash Woollen enters ₹50 Lac loan agreement with Martco Exports

AI Summary

Prakash Woollen & Synthetic Mills Ltd has entered into an Inter Corporate Loan Agreement with Martco Exports Private Limited on October 05th, 2026. The agreement is for a temporary financial accommodation of INR 50 Lacs, with an interest rate of 9.00% and a tenure of 6 months, extendable by mutual decision. Martco Exports Private Limited will act as the lender. The transaction is not considered a related party transaction and does not involve any special rights for the lender.

Key Highlights

  • Company entered into an Inter Corporate Loan Agreement.
  • Loan amount is INR 50 Lacs.
  • Interest rate is 9.00% for a 6-month tenure.
  • Martco Exports Private Limited is the lender.
  • Not a related party transaction.