ALPHA TRIBE

Aprameya Engineering LimitedImportant, 21-04-2025: Updates

21-04-2025 | 01:17 pm

Aprameya Engineering Limited has executed a loan agreement with Poonawalla Fincorp Limited for a facility of ₹50.1 lakh. This unsecured loan has a tenure of 12 months, with monthly repayments of ₹4.52 lakh commencing on June 3, 2025. The interest rate is set at 15% per annum on a reducing balance basis. The agreement does not involve any special rights or change in the capital structure and is not related to any promoter or group companies. There are no significant terms that might affect the relationship with shareholders, indicating a straightforward financial arrangement. This financing could support operational needs, potentially enhancing the company’s liquidity and growth prospects moving forward. Investors should monitor how this loan influences future capital allocation and financial health.

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