Loan & Debt5 Jun 2025, 01:06 pm
Prakash Woollen & Synthetic Mills Ltd Enters Inter Corporate Loan Agreements with Martco Exports and Kailash Coal And Coke
AI Summary
Prakash Woollen & Synthetic Mills Ltd has entered into Inter Corporate Loan Agreements with Martco Exports Private Limited and Kailash Coal And Coke Company Limited. The agreement with Martco Exports is for INR 40 Lakhs with an interest rate of 9.00% and a tenure of 6 months. The agreement with Kailash Coal And Coke is for INR 1 Crore also with an interest rate of 9.00% and a tenure of 6 months. Both agreements are significant as they are with related parties, but they do not confer any special rights and are not related party transactions.
Key Highlights
- Prakash Woollen & Synthetic Mills Ltd has entered into Inter Corporate Loan Agreements with Martco Exports Private Limited and Kailash Coal And Coke Company Limited
- The agreement with Martco Exports is for INR 40 Lakhs with an interest rate of 9.00% and a tenure of 6 months
- The agreement with Kailash Coal And Coke is for INR 1 Crore also with an interest rate of 9.00% and a tenure of 6 months
- The parties are related to promoter/promoter group/group companies
- The agreements do not confer any special rights and are not related party transactions