Radiant Cash Management Services Limited
Main Body
Radiant Cash Management Services Limited has renewed its existing inter-corporate loan arrangement with its subsidiary, Aceware Fintech Services Private Limited ("Aceware"), by rolling over the existing outstanding loan and entering into a fresh Loan Agreement dated August 18, 2026.
Key Terms of the Agreement:
- Parties Involved: Lender - Radiant Cash Management Services Limited; Borrower - Aceware Fintech Services Private Limited
- Loan Amount: Up to ₹15,00,00,000 (Indian Rupees Fifteen Crores) aggregate outstanding amount at any point in time
- Current Outstanding: ₹11,50,00,000 as of the disclosure date
- Interest Rate: Flexible rate based on the highest borrowing rate applicable to the Company + 0.10% p.a., subject to a floor of not lower than the prevailing yield of Government Security closest to the loan tenure
- Tenure: 1 year from the date of execution (August 18, 2026), repayable on demand
- Security: Unsecured loan
- Purpose: Aceware shall utilize the loan amount solely for its lawful principal business activities
- Special Rights: No special rights such as right to appoint directors, pre-emptive rights on share subscription, or restrictions on changes in capital structure
Relationship Details:
- Radiant holds 58.21% shareholding in Aceware
- The transaction involves related parties as promoters/promoter group of the Company are interested to the extent of equity shares held by them and through directorships held in the subsidiary
- The transaction is conducted at arm's length basis
Additional Terms:
Aceware may make partial repayments at its discretion during the tenure, and such repayments shall not preclude further disbursements by the Company subject to the overall sanctioned limit of ₹15 Crores. The outstanding loan, together with all accrued interest, costs, charges and other amounts payable, shall be repaid in full on or before the Final Settlement Date or earlier if demanded by the Company.