KANCHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kanchi Karpooram Ltd has entered into an inter-corporate loan agreement with Awesome Builders Private Limited on 19 May 2026. The company is granting an unsecured commercial loan of Rs. 1.60 crore at an interest rate of 12% per annum, payable annually. The filing confirms that Awesome Builders Private Limited has no shareholding in the entity and is not a related party to the company. The outstanding loan amount is currently NIL, indicating this is a new agreement. The company held a short board meeting from 12:30 PM to 1:00 PM to formalize the transaction, disclosing details as required under SEBI's Master Circular.
The loan deployment at 12% interest represents a steady income source for the company, though the unsecured nature carries counterparty risk. The NIL outstanding position confirms this is a fresh disbursement, and the non-related party classification reduces conflict-of-interest concerns for minority shareholders.