Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
JAYKAY · price
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Jaykay Enterprises Limited has executed a loan agreement with its wholly owned subsidiary, JK Digital & Advance Systems Private Limited, for granting a loan of up to Rs. 25 crores. The loan will be disbursed in one or more tranches over a tenure of 3 years at an interest rate of 10% per annum. This is an unsecured inter-corporate deposit. The transaction qualifies as a related party transaction but has been confirmed to be on an arm's length basis. No security has been provided for this loan.
This is an intra-group fund transfer where the parent company is lending Rs. 25 crores to its subsidiary. While disclosed as an arm's length transaction, such large loans to subsidiaries should be monitored by investors for potential impact on Jaykay Enterprises' liquidity and financial position.