Radiant Cash Management Services Limited has informed the Exchange about Loan Agreement
RADIANTCMS · price
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Radiant Cash Management Services Limited has entered into a loan agreement to provide up to INR 5 Crores as an inter-corporate loan to its subsidiary Aceware Fintech Services Private Limited, in which it holds a 58.21% stake. The loan is unsecured, repayable on demand, with a maximum tenure of one year from first disbursement. Interest will be charged at the company's highest borrowing rate plus 0.10% per annum, with a floor based on the prevailing Government Security yield. The transaction is classified as a related party transaction but is conducted at arm's length, and no special rights such as board appointment or pre-emptive share rights are conferred under the agreement. As of the disclosure date, no amount has been disbursed or is outstanding.
The loan deployment of up to INR 5 Crores into its fintech subsidiary signals continued capital support for Aceware's business growth. For shareholders, this is a modest deployment of company funds into a related subsidiary at market-linked terms, with limited immediate impact on the stock price but worth monitoring for returns from the subsidiary.