Jaykay Enterprises Limited has executed a Loan Agreement on May 26, 2026 with its wholly owned subsidiary, JK Digital & Advance Systems Private Limited (JK Digital).
The agreement provides for granting a loan of up to ₹25,00,00,000 (Rupees Twenty Five Crores Only) to JK Digital, which may be disbursed in one or more tranches.
Key Terms of the Loan Agreement:
- Lender: Jaykay Enterprises Limited
- Borrower: JK Digital & Advance Systems Private Limited
- Nature of Loan: Inter-Corporate Deposit
- Interest Rate: 10% per annum
- Tenure: 3 years
- Security: Unsecured loan
- Repayment: The loan together with accrued interest shall be repayable in accordance with terms mutually agreed between the parties
Relationship and Transaction Details:
- JK Digital is a wholly owned subsidiary of Jaykay Enterprises Limited
- The transaction qualifies as a related party transaction
- The transaction is conducted at arm's length basis
- Total amount outstanding with JK Digital as of date (excluding this loan): Nil