Key Transaction Details
Prakash Woollen & Synthetic Mills Limited (Borrower) has entered into an Inter Corporate Loan Agreement dated October 05, 2026 with Martco Exports Private Limited (Lender).
Quantitative Figures
- Loan amount: ₹50,00,000 (Fifty Lakh Rupees)
- Interest rate: 9.00% per annum (stated as prevailing market rate)
- Tenure: 6 months initially
Significant Terms
The loan agreement includes provisions for extension of tenure by mutual agreement between the parties if required. The disclosure specifically notes that there are no special rights such as right to appoint directors, first right to share subscription, or right to restrict changes in capital structure.
Relationship Status
The disclosure confirms that Martco Exports Private Limited is not related to the promoter/promoter group/group companies in any manner. The transaction does not fall under related party transactions.
Shareholding Information
No shareholding exists between the entities involved in the transaction.
Company Representative
Sneha Agarwal, Company Secretary (Membership No. A70716), signed the disclosure on behalf of Prakash Woollen & Synthetic Mills Limited.
#Tags: #PrakashWoollenMills #SEBIDisclosure #Regulation30 #LoanAgreement #FinancialUpdate #Neutral