Enters loan agreement with SLN Terminus, a wholly-owned subsidiary, for an unsecured loan of Rs. 38.45 Crores

Entered a Loan Agreement with SLN Terminus Hotels and Resorts Private Limited, a wholly-owned subsidiary, on 03rd October, 2026.

Sat 3 Oct 2026

Loan Amount

Rs. 38.45 Crores

Interest Rate

8.75% p.a.

Agreement Date

03rd October, 2026

Counterparty

SLN Terminus Hotels and Resorts Private Limited, a wholly-owned subsidiary

Purpose

repayment or pre-payment, in full or in part, of the subsidiary's borrowings

What the company informed the exchanges

The company has entered into a Loan Agreement with SLN Terminus Hotels and Resorts Private Limited (SLN), its wholly-owned subsidiary, on 03rd October, 2026. The loan will be given to the subsidiary and the stated aim is repayment of the subsidiary's borrowings, in accordance with the Letter of Offer dated 14-Aug-2026 duly approved by the exchanges.

The numbers

• The amount of loan to be invested, by way of an unsecured loan, in SLN Terminus Hotels & Resorts Private Limited is Rs. 38.45 Crores.
• The interest on this loan is 8.75% p.a.
• The annexure states that such other specific terms are as mentioned in the agreement.

Purpose of the agreement

• Investment in the wholly-owned subsidiary for repayment or pre-payment, in full or in part, of all or certain borrowings availed by the subsidiary.
• This is to be done as per the Letter of Offer dated 14-Aug-2026.

Who the parties are

• SLN Terminus Hotels & Resorts Private Limited is a wholly-owned subsidiary of the company.
• It is also a stepdown subsidiary of the promoter group, i.e. Loko Hospitality Private Limited.
• The transaction falls within the definition of a related party transaction and is being done at an arm's length basis.

Other disclosures in the annexure

• The particulars on issue price and class of shares issued are stated as "Not Applicable".
• The particulars on nominee on the board of directors, potential conflict of interest and similar matters are stated as "Not Applicable".

How a retail investor can read this

• This is an intimation of an agreement between the listed company and its own wholly-owned subsidiary, where the company puts money into the subsidiary by way of an unsecured loan.
• The stated use of that money is to repay or pre-pay the subsidiary's borrowings, in full or in part.
• The loan is unsecured and carries an interest rate of 8.75% p.a., as disclosed.
• Because the counterparty is a wholly-owned subsidiary and also a stepdown subsidiary of the promoter group, the update routes it as a related party transaction, executed at arm's length.
• The headline figures a reader can track are the Rs. 38.45 Crores lent and the 8.75% p.a. interest, along with the stated end-use of repaying the subsidiary's borrowings.

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