Unsecured inter-corporate loan of Rs. 2.50 Crore availed at 13% p.a

Praxis Home Retail has signed a loan agreement with Matrix Park Private Limited for an unsecured inter-corporate loan of up to Rs. 2,50,00,000 at 13% p.a. for 6 months, for working capital and general corporate purposes.

Tue 29 Sep 2026

Loan Amount

Rs. 2,50,00,000 (Rs. 2.50 Crore)

Interest Rate

13% per annum

Tenure

6 months

Total Outstanding to Lender

Rs. 6.00 Crore

Purpose

Working capital requirement and general corporate purpose

What was shared

Praxis Home Retail Limited informed the exchanges that it has entered into a Loan Agreement with Matrix Park Private Limited for availing an unsecured inter-corporate loan.

Key terms

• Loan size: not exceeding Rs. 2,50,00,000 (Rupees Two Crore Fifty Lakh Only), to be availed in one or more tranches
• To be drawn on and before March 31, 2027
• Interest rate: 13% per annum
• Tenure: 6 months, subject to mutual written agreement for extension
• Nature: unsecured, inter-corporate loan; no security provided
• Purpose: working capital requirement and general corporate purpose

Lender and relationship

The lender is Matrix Park Private Limited. The company states the lender is not related to the promoter, promoter group or group companies, and the transaction is not a related party transaction. The company holds no shareholding in the lender.

Cumulative borrowing from this lender

The company had previously availed an unsecured inter-corporate loan of Rs. 3.50 Crore from Matrix Park Private Limited under a loan agreement dated September 25, 2026. With the present facility, the aggregate amount of loans availed from and outstanding to Matrix Park Private Limited would be Rs. 6.00 Crore.

How to read this

The update shows the company raising short-term unsecured funding for working capital. Investors may note the interest cost of 13% per annum, the short 6-month tenure, and the build-up of borrowings from a single lender within a few days.

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