VRAJ IRON AND STEEL LIMITED
Loan Agreement with Associate Company
Main Body
Vraj Iron and Steel Limited has executed a Loan Agreement with its associate company Vraj Metaliks Private Limited on August 13, 2026. The agreement involves an unsecured loan of ₹11.30 crore (Rupees Eleven Crore Thirty Lakh only) for business purposes.
Key Terms of the Agreement:
- Loan Amount: Up to ₹11,30,00,000/-
- Interest Rate: 9% per annum
- Repayment Terms: On Demand
- Purpose: General corporate purposes
- Security: None provided
- Other Terms: Such other terms and conditions as may be mutually agreed between the Company and the lender which are not prejudicial to the interests of the Company
Relationship Details:
- Vraj Iron and Steel Limited holds 14,595,750 equity shares (49.90%) in Vraj Metaliks Private Limited
- The transaction qualifies as a related party transaction as Vraj Metaliks is an associate company
- The company confirms the transaction is executed at arm's length basis
Transaction Status:
- Date of Execution: August 13, 2026
- Amount Outstanding as of disclosure date: Nil
- The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/CFD/POD2/CIR/P/2024/155 dated November 17, 2024