RAJVI LOGITRADE LIMITED
Key Quantitative Figures
- Loan Amount: ₹2,50,00,000/- (Rupees Two Crore Fifty Lakh)
- Interest Rate: 16% per annum
- Total Amount Outstanding as on date: ₹2,50,00,000/- (Rupees Two Crore Fifty Lakh)
Parties Involved
- Lender: IKF FINANCE LIMITED
- Borrower: RAJVI LOGITRADE LIMITED
Purpose & Significant Terms
The purpose of the agreement is to avail a Vehicle Loan.
The significant terms of the loan agreement are:
- Nature of Loan: Secured Vehicle Loan.
- Repayment Terms: Repayable in 34 months with a moratorium period of 60 days.
- Security Provided: Hypothecation of 10 Commercial Vehicles.
- The agreement includes all other restrictions, covenants (positive/negative), and customary terms and conditions generally applicable for borrowings of funds of a similar type.
Relationship & Transaction Type
- The lender, IKF Finance Limited, holds no shareholding in Rajvi Logitrade Limited.
- The parties are not related to the promoter/promoter group/group companies in any manner.
- The transaction does not fall within the definition of related party transactions.
Reason for Delay in Disclosure
The disclosure was submitted with a delay. The reason provided is a procedural lapse on the part of the lender, IKF FINANCE LIMITED, in the collation of the final communication and executed documents to the Company. The company states this delay was unintentional and without any intent to withhold material information.