Transaction Details
Praxis Home Retail Limited has entered into a Loan Agreement dated October 27, 2026 with I-3PL (India) Private Limited for availing an unsecured loan not exceeding ₹2,00,00,000/- (Rupees Two Crore Only).
Key Terms of the Loan Agreement
- Lender: I-3PL (India) Private Limited
- Borrower: Praxis Home Retail Limited
- Loan Amount: ₹2,00,00,000/- (Rupees Two Crores only)
- Nature of Loan: Unsecured, Inter-Corporate Loan
- Interest Rate: 13% per annum
- Tenure: 3 months, subject to mutual written agreement for extension
- Total Amount Outstanding: ₹2 Crore (full amount drawn)
- Execution Date: October 27, 2026
Purpose of the Agreement
The loan is intended for working capital requirement and general corporate purpose of the company.
Related Party Transaction Status
The transaction falls under Related Party Transactions (RPT) but is undertaken on arm's length basis. There is no shareholding relationship between the entities, and no special rights like right to appoint directors, first right to share subscription, or right to restrict any change in capital structure.
Security and Additional Terms
No security has been provided for this loan. There are no other disclosures related to nominee directors, potential conflict of interest, or other special arrangements.