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JAYKAY · price
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Jaykay Enterprises Limited has executed a loan agreement on May 5, 2026, to grant a loan of up to Rs. 10 crore to JK Phillips LLP, a 50:50 joint venture between the company and Phillips Machine Tools India Private Limited. The loan carries an interest rate of 10% per annum and is unsecured. Jaykay Enterprises already has Rs. 4.7 crore outstanding as loans to JK Phillips. The transaction qualifies as a related party transaction but has been conducted at arm's length basis.
The company is extending credit to its joint venture, which increases its exposure to JK Phillips. Shareholders should note the additional Rs. 10 crore lending commitment and the cumulative outstanding position of Rs. 14.7 crore with the JV entity.