Summary of Key Information:
Nature of Filing / Announcement: Outcome of Board Meeting - Intercorporate Loan Disclosure
Corporate Actions:
Intercorporate Loan Approval:
- Loan Amount: ₹6,00,00,000 (Rupees Six Crore only)
- Borrower: Transaction Solutions International (India) Private Limited (CIN: U72200DL2005PTC135086)
- Interest Rate: 12% per annum, payable quarterly
- Tenure: Maximum one year from first disbursement
- Repayment Terms: Repayable on demand at Company's discretion
- Disbursement: In one or more tranches
- Security: Currently unsecured, with future security arrangement contemplated
Key Loan Terms:
- Prepayment requires Company's prior written consent
- Company may request conversion of outstanding loan (including accrued interest) into equity shares of TSI, subject to applicable law, valuation and requisite approvals
- Findi Limited (ACN: 057 335 672, Australian company) acts as Confirming Party
- Findi has undertaken to vote in favour of requisite shareholders' resolution
- Findi has provided non-disposal undertaking for its TSI shareholding
- Findi agreed to execute Share Pledge Agreement over 30,33,07,451 unencumbered equity shares of TSI, subject to RBI approval
- Loan contains customary lender-protection covenants relating to additional indebtedness, encumbrances, material asset disposals and capital restructuring
Other Significant Information:
Company Background:
- AAA Technologies Limited (CIN: L72100MH2000PLC128949)
- ISO 9001:2015 & ISO 27001:2013 Certified Company
- Address: 278-280, F Wing, Solaris-1, Saki Vihar Road, Opp. L&T Gate No. 6, Powai, Andheri (E), Mumbai 400 072, INDIA
- Empanelled by CERT-In for IT Security Auditing Service
- Winner of Maharashtra IT Awards in the field of Security
Sagar Shah, Company Secretary and Compliance Officer