📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Indo Thai Securities Secures ₹10 Crore Unsecured Loan at 10% Interest
Indo Thai Securities Limited has entered into a loan agreement to borrow ₹10 crore from Yash Technologies Private Limited. The loan is unsecured and carries an interest rate of 10% per annum, with both principal and interest payable upon maturity. The agreement specifies a short-term tenure of four months, which can be adjusted through mutual consent. Although identified as a related party transaction due to a common director/executive, the company maintains the deal is at arm's length.
Key Highlights
Total unsecured loan amount of ₹10,00,00,000 (₹10 Crores)
Interest rate fixed at 10% per annum payable on maturity
Short-term tenure of 4 months from the date of fund receipt
Related party transaction as Independent Director is CFO of the lender
No security or collateral provided for the loan
💼 Action for Investors
This appears to be a routine short-term working capital arrangement; investors should monitor if this debt is settled within the 4-month window or if it becomes a recurring liability.