The Board of Directors of the Company at its meeting held on Thursday, May 28, 2026 has considered and approved loan to wholly owned subsidary
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The Board of Directors of Ironwood Education Limited has approved a loan of up to Rs. 2 crores to its wholly owned subsidiary, EMDI (Overseas) FZ LLC. The loan is for working capital and general corporate purposes, carries an interest rate of 7.5% per annum, and is unsecured in nature. The loan has a tenure of 2 years from disbursement, extendable by mutual agreement. The total outstanding amount under this and similar loans to the subsidiary stands at Rs. 7.26 crores. This transaction qualifies as a related party transaction but has been structured at arm's length.
This intra-group funding arrangement is typical for parent companies supporting subsidiaries, though the cumulative outstanding of Rs. 7.26 crores to a single entity warrants monitoring. The arm's length pricing provides some protection to minority shareholders from potential value transfer.