Magnum Ventures Limited has entered into a term loan agreement with Tata Capital Limited (TCL) for financial assistance of ₹60 Crore. The disclosure is made pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 13, 2023.

Key Agreement Details

Parties: Term Loan Agreement with Tata Capital Limited (TCL)

Purpose: The loan proceeds are allocated for specific purposes:

  • Up to ₹20 crores towards repayment of unsecured loans
  • Up to ₹25 crores for capital expenditure (required for upgradation of Hotel)
  • Up to ₹10 crores towards partial repayment of TFCI Loan
  • Up to ₹5 crores for general corporate purpose

Size of Agreement: ₹60 Crore

Shareholding: The company holds no shares in Tata Capital Limited

Significant Terms

Interest Rate: The Rate of Interest (ROI) is equal to Long Term Prime Lending Rate (LTPLR) plus 3.25%, resulting in 12.00% p.a. floating interest rate. The LTPLR as on date is 8.75% p.a. The interest rate payable to TCL would change based on changes in LTPLR as announced by TCL from time to time. The sanctioned ROI shall remain valid for a period of 30 days from the date of the Sanction Letter (29th August 2026). Post demerger of Hotel division from the Paper division, the borrower's rate will be reduced by 75 bps subject to satisfactory conduct and perfection of security.

Repayment Schedule: The loan has a tenure of 135 months:

  • Interest to be paid on monthly basis from the date of first disbursement till maturity
  • Principal to be repaid on equal quarterly installments till maturity (in line with TFCI facility)

Disbursement Structure:

  • Tranche I – Up to ₹10 crore towards downsizing exposure of TFCI & repayment of unsecured promoter loan up to ₹20 crores
  • Tranche II – Up to ₹25 crores towards capex required for upgradation of Radisson brand & ₹5 crores for general corporate purpose

Disbursement Conditions:

  • Tranche I will be disbursed on receipt of Pari Passu letter from TFCI
  • Tranche II will be disbursed post security perfection

Security Arrangements

Primary Security:

  • First Pari Passu charge by way of Hypothecation over the present and future Moveable Fixed Assets pertaining to Hotel Division of the Borrower
  • First Pari Passu charge by way of Hypothecation over the present and future current assets pertaining to Hotel Division of the Borrower

Collateral Security:

  • First Pari Passu charge by way of Mortgage over the Property situated at plot no 64/6, 64/6/3 to 64/6/5, Site-IV, Industrial Area, Sahibabad, U.P. together with all structures and appurtenances thereon, present and future standing in the name of the Borrower having clear and marketable title

Other Security:

  • Non Disposable Undertaking (NDU) over shares held by Promoters excluding the shares already pledged
  • Personal guarantees of Abhay Jain, Parv Jain, Parveen Jain, Pradeep Kumar Jain

Relationship Status

The parties are not related to promoter/promoter group/group companies, and the transaction does not qualify as a related party transaction.

Additional Information

There are no other disclosures related to such agreements, and termination or amendment of agreement is not applicable at this time.

The document was digitally signed by Aaina Gupta, Company Secretary cum Compliance Officer, on 26th October, 2026 at 18:23:29 IST.