Master Components Limited — Important, 24-10-2024: Agreements

Master Components Limited has entered into a Memorandum of Entry with IDFC First Bank to facilitate the transfer of an outstanding loan from HDFC Bank. The agreement provides an Overdraft Facility of INR 5 crore, secured by current and movable fixed assets, along with collateral security from industrial property. The applicable interest rate is 9%, with a tenure of 12 months, repayable on demand. This agreement complements earlier deeds related to the company's financing.