ASK Automotive Limited
Inter-Corporate Loan to Wholly Owned Subsidiary
Main Body
Key Terms of the Loan Agreement:
- Loan Amount: ₹100 Crore (Rupees Hundred Crore Only)
- Interest Rate: Repo Rate + 2.50% per annum
- Nature: Unsecured Loan
- Tenure: As per the Loan Agreement (specific duration not disclosed)
- Purpose: Loan facility for various projects and general corporate purposes, including purchase of fixed/movable/current/non-current assets, immovable assets, construction of building, purchase of plants and machinery, and meeting working capital requirements
- Security: None provided (unsecured)
- Special Rights: No special rights such as right to appoint directors, pre-emptive rights on share subscription, or restrictions on changes in capital structure
Relationship Details:
- ASK Automobiles Private Limited is a 100% wholly owned subsidiary of ASK Automotive Limited
- The transaction qualifies as a related party transaction but is conducted at arm's length basis
Financial Position:
- Fresh Loan Sanctioned: ₹100 Crore
- Total Outstanding Loans to Subsidiary as of September 21, 2026: ₹489.84 Crore
Regulatory Compliance:
- Disclosure made under Regulation 30 read with Para B of Part A of Schedule III of SEBI Listing Regulations
- Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Executed by Rajani Sharma, Company Secretary & Compliance Officer (Membership No.: ACS14391)
Other Key Announcements
No additional material announcements unrelated to the loan agreement were disclosed in this filing.