Cyber Media (India) Limited — Important, 10-12-2024: Agreements

Cyber Media (India) Limited has entered into a loan agreement with Mr. Pradeep Gupta, the Chairman and Managing Director, for a loan amount of Rs. 2.15 crore. The proceeds will be used to settle an amount related to a legal matter involving Mr. Ram Capoor in the Delhi High Court. Mr. Gupta holds a 47.74% stake in the company, linking him to the promoter group. This transaction qualifies as a related party transaction and is conducted on an arm's length basis. The loan is payable on demand, providing a degree of flexibility. Investors should monitor this situation closely, as it could indicate financial maneuvering to address legal obligations while impacting liquidity.