Jaykay Enterprises to lend up to Rs 100 Cr to wholly owned subsidiary JK Defence
JAYKAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 4.1 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Jaykay Enterprises has signed a loan agreement on Oct 8, 2026 to lend up to Rs 100 Crore to JK Defence and Aerospace, its wholly owned subsidiary, in one or more tranches. The unsecured inter-corporate deposit carries 10 percent annual interest with a 3 year tenure. The transaction is a related party deal done at arms length. No prior loans are outstanding between the two.
Company is deploying capital into its defence subsidiary at 10 percent interest, earning steady income but locking up about Rs 100 Cr of funds for 3 years.