Cyber Media Research & Services Limited — Important, 04-01-2025: Agreements

Cyber Media Research & Services Limited has executed an Amendment Agreement to its existing Loan Agreement with Cyber Media (India) Limited. The amendment primarily involves releasing the first charge on the property 'Cyber House' in Gurugram, which was previously secured against an inter-corporate loan of ₹9.85 crore. The property is currently mortgaged to Karur Vysya Bank for a separate loan of ₹6 crore. The outstanding amount under the existing loan stands at approximately ₹9.02 crore as of the amendment date.

Importantly, the transaction is categorized as a related party transaction, as Cyber Media (India) is the holding company. However, it has been conducted on an arm's length basis, maintaining regulatory compliance. There appears to be no significant adverse impact on the company's financials from this amendment, apart from necessary disclosure requirements. Overall, this strategy may enhance the flexibility of Cyber Media Research & Services in managing its collateral and liabilities, supporting a positive outlook.