Unsecured inter-corporate loan of Rs. 2 crore at 13% per annum for 3 months
Praxis Home Retail has entered into a loan agreement to avail an unsecured inter-corporate loan of up to Rs. 2 crore from I-3PL (India) Private Limited at 13% per annum for 3 months, for working capital and general corporate purposes.
By ScoutQuest · · 2 min read
- Loan Amount
- up to Rs. 2 crore
- Interest Rate
- 13% per annum
- Tenure
- 3 months
What was announced
- Praxis Home Retail Limited has entered into a Loan Agreement dated October 27, 2026 with I-3PL (India) Private Limited.
- Under it, the company is availing an unsecured, inter-corporate loan not exceeding Rs. 2 crore (Rupees Two Crore Only).
- The stated purpose is the working capital requirement and general corporate purpose of the company.
Cost and tenure of the loan
- Interest rate: 13% per annum.
- Tenure: 3 months, subject to mutual written agreement for extension.
- The loan is unsecured, and the disclosure marks the details of security provided to the lender as not applicable.
Related party point
- The company states that the transaction falls under Related Party Transactions (RPT) and is undertaken on an arm's length basis.
- The lender is named as I-3PL (India) Private Limited.
- On the question of whether the parties are related to the promoter, promoter group or group companies, the disclosure states not applicable.
Amounts shown in the disclosure
- Total amount of loan taken: 2 Crore.
- Total amount outstanding: 2 Crore.
- Size of the agreement: Rs. 2 crore (Rupees Two Crores only).
What this means in simple terms
- The company is borrowing money to run its operations and meet general expenses, instead of raising fresh equity.
- Because no new shares are issued, this route does not change the number of shares outstanding.
- The borrowing carries an interest cost of 13% per annum, which the company will need to service over the 3-month tenure.
- The loan is unsecured, so no company asset or security is stated to be offered against it.
- Since it is described as a related party transaction, the counterparty is connected to the company in the manner covered by related party rules, and the company states the terms are at arm's length.
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15 Oct 2026
Board Meeting on November 5 to Consider and Approve Unaudited Results for Q2 and H1
8 Oct 2026
Unsecured inter-corporate loan of Rs. 2.50 Crore availed at 13% p.a
29 Sep 2026
More numbers
- Loan amountRs. 2,00,00,000/-
- Interest rate13% per annum
- Loan tenure3 months
- Total amount of loan taken2 Crore
- Total amount outstanding2 Crore
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