Aprameya Engineering Limited — Important, 31-01-2025: Agreements

Aprameya Engineering Limited has executed a loan agreement with Siemens Financial Services Private Limited for a facility of ₹1.5 crore. The purpose of this financing is to secure funding, with the associated loan amount set at ₹15,000,000 and a tenor of 12 months.

The agreement includes significant terms such as a processing fee of ₹1,250,000 plus applicable taxes, and a prepayment charge of 4% on any prepaid amount, with partial prepayments not allowed. The asset financed includes a Schiller Invoice Equipment, which will be hypothecated as security for the loan. The company has clarified that this transaction is not related to any promoter group entities or classified as a related party transaction, indicating a clear arm's length nature of this agreement. Shareholders may view this as a strategic move to bolster operational capabilities, presenting a positive outlook for potential growth.