Key Financial Figures
- Term Loan Amount: ₹10,00,00,000 (Rupees Ten Crores Only)
- Lender: ICICI Bank Limited
Transaction Details
- Date of Disclosure: 13th June 2026
- Purpose: Further expansion of business operations and onward lending activities
- Primary Utilization: Funding for the Company's Earned Wage Access (EWA) Program
Business Context
The Earned Wage Access program provides employees of leading corporates with seamless access to a portion of their earned salaries during the month through short-term credit facilities offered in association with their employers.
Strategic Impact
With this sanction, the Company now maintains banking relationships with two of India's largest public and private sector banks:
- State Bank of India (existing relationship)
- ICICI Bank Limited (new relationship)
The Company believes these relationships will:
- Strengthen its funding profile
- Enhance operational scalability
- Support continued growth of its lending business
Authentication
Digitally signed by Amarjeet Kaur, Company Secretary cum Compliance Officer (Membership No.: F13755) on 13th June 2026 at 11:57:03 IST