Vraj Iron and Steel Ltd. inks ₹11.30 Cr loan deal with associate

Vraj Iron and Steel Limited has entered into a loan agreement with its associate company, Vraj Metaliks Private Limited, for an amount of ₹11.30 crore. The loan is for general corporate purposes and carries an interest rate of 9% per annum, with repayment on demand. The agreement is considered a related party transaction. Vraj Iron and Steel Limited holds a 49.90% equity stake in Vraj Metaliks Private Limited. The loan is unsecured and no amount was outstanding prior to this disclosure.