Transaction Details
- Parties Involved: Tinna Rubber And Infrastructure Limited (Lender) and Mbodla Investments (Pty) Ltd, South Africa (Borrower)
- Transaction Date: First tranche remitted on August 08, 2026
- Amount Disbursed: US$ 100,000 equivalent to ₹95,26,500
- Total Facility Size: Up to US$ 1,000,000 equivalent to Indian Rupees, in one or more tranches
- Agreement Execution Date: July 10, 2026
Purpose of Loan
The loan funds are required by Mbodla Investments to meet capital expenditure and working capital requirements. The amount will be utilized exclusively for legitimate business purposes.
Ownership Structure
Tinna Rubber And Infrastructure Limited holds 49% of the share capital in Mbodla Investments (Pty) Ltd, which is identified as a Joint Venture of the Company.
Loan Terms
- Tenure: Until June 30, 2031
- Interest Rate: 6 months term SOFR (Secured Overnight Financing Rate) + 5% spread per annum, currently 8.68% (3.68% + 5%)
- Interest Reset: Semi-annually on March 31 and September 30
- Repayment Structure: One-year moratorium from disbursement date, followed by 16 equal quarterly installments
- Pre-payment: Permitted without penalty for whole or part of outstanding amount with accrued interest
- Conversion Option: Lender has option to convert outstanding loan or part thereof into equity at face value of Ordinary shares of Rand 1 each
Security and Additional Terms
- Security Provided: Nil
- Nominee Director Details: Not applicable
- Potential Conflict of Interest: Not disclosed