Prakash Woollen takes INR 50 Lakh inter-corporate loan from Martco Exports
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Prakash Woollen and Synthetic Mills has taken an inter-corporate loan of INR 50 Lakh from Martco Exports Private Limited for temporary financial accommodation. The loan carries an interest rate of 9 percent per annum, aligned with prevailing market rates, and has a tenure of 6 months, extendable by mutual agreement. The lender is not related to the promoter or group companies, so this is not a related party transaction. No special rights like board seats or share subscription privileges have been granted to the lender.
Small short-term borrowing of INR 50 Lakh at 9 percent for 6 months. Minor impact; indicates routine working capital support, not significant debt build-up.