Loan & Debt15 Sept 2026, 06:20 pm
Prakash Woollen & Synthetic Mills Ltd Enters ₹1.5 Cr Loan Agreement
AI Summary
Prakash Woollen & Synthetic Mills Ltd has entered into an Inter Corporate Loan Agreement with Genus Paper And Boards Limited, dated September 15th, 2026. The company will act as the borrower, receiving temporary financial accommodation of INR 1.5 crore from Genus Paper And Boards Limited, the lender. The loan carries an interest rate of 9.00% and has a tenure of 6 months, with a possibility of extension. This transaction does not involve related parties and is not considered a related party transaction.
Key Highlights
- Entered into an Inter Corporate Loan Agreement for ₹1.5 crore.
- Loan agreement is with Genus Paper And Boards Limited.
- Interest rate is 9.00% with a 6-month tenure.
- Purpose is temporary financial accommodation.
- Transaction is not with a related party.
Price Impact
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