Jaykay Enterprises has entered into a loan agreement with its wholly owned subsidiary, JK Digital & Advance Systems Private Limited, for a sum of up to ₹25 crore. The agreement, executed on 26 May 2026, aims to provide financial support to JK Digital in one or more tranches.
The loan agreement stipulates an interest rate of 10% per annum, with a tenure of three years. The repayment terms, including the accrued interest, will be mutually agreed upon by the parties involved. The loan is classified as an inter-corporate deposit and is unsecured, with no security provided by JK Digital.
As JK Digital is a wholly owned subsidiary of Jaykay Enterprises, the transaction is considered a related party transaction. However, it has been confirmed that the transaction is conducted on an arm’s length basis.
This financial arrangement does not involve any issuance of shares, and there are no special rights such as the right to appoint directors or restrict changes in capital structure associated with the agreement.
The details of this loan agreement have been disclosed in compliance with Regulation 30 of the SEBI Listing Regulations and are available on the company’s website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Aman Shukla before publication.