Unsecured inter-corporate loan of Rs. 3.50 Crore availed at 13% per annum

The company has entered into a loan agreement with Matrix Park Private Limited to avail an unsecured inter-corporate loan of up to Rs. 3,50,00,000 (Rs.

Fri 25 Sep 2026

Loan Amount

Rs. 3,50,00,000 (Rs. 3.50 Crore)

Interest Rate

13% per annum

Tenure

6 months (extendable by mutual written agreement)

Purpose

Working capital and general corporate purposes

Security

Unsecured, no security provided

What was announced

The company informed the exchanges that it has entered into a Loan Agreement dated September 25, 2026 with Matrix Park Private Limited to avail an unsecured inter-corporate loan not exceeding Rs. 3,50,00,000 (Rupees Three Crore Fifty Lakh Only), in one or more tranches on and before March 31, 2027.

Key terms

• Lender: Matrix Park Private Limited; Borrower: Praxis Home Retail Limited
• Nature: unsecured, inter-corporate loan
• Interest rate: 13% per annum
• Tenure: 6 months, subject to mutual written agreement for extension
• Amount sanctioned: 3.50 Crore; amount taken: 3.50 Crore; amount outstanding: 3.50 Crore
• Security provided: Not Applicable

Purpose

The funds are for working capital requirement and general corporate purposes.

Relationship and special rights

The lender is stated as not related to the promoter, promoter group or group companies, and the transaction is stated as not falling within related party transactions. There is no shareholding in the lender entity, no issuance of shares, and no nominee on the board disclosed.

How investors may read it

Borrowing at a 13% annual rate for a short six-month tenure indicates short-term funding being arranged for operations. Since the loan is unsecured, no company assets have been offered as security. Readers may track how the borrowing is repaid or extended at the end of the tenure.

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