Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
JAYKAY · price
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Jaykay Enterprises Ltd has executed a loan agreement on May 5, 2026, to grant a loan of up to Rs. 10 crore to JK Phillips LLP. JK Phillips is a 50:50 joint venture between Jaykay Enterprises and Phillips Machine Tools India Private Limited. The loan carries an interest rate of 10% per annum and is repayable along with accrued interest as mutually decided between the parties. This is an unsecured inter-corporate deposit. The company already has Rs. 4.70 crore outstanding as loans to JK Phillips. The transaction qualifies as a related party transaction but is conducted on an arm's length basis.
This disclosure shows the company deploying capital into its joint venture. No immediate impact on the stock is expected as this represents normal inter-corporate lending to a related party at arm's length pricing.