Jaykay Enterprises provides ₹100 Crore unsecured loan to JK Defence & Aerospace
What happened
Jaykay Enterprises Limited executed an agreement on October 8, 2026, to grant an unsecured inter-corporate deposit loan facility to JK Defence & Aerospace Limited. The facility allows for a loan of up to ₹100 Crore, payable over three years at an interest rate of 10% per annum. The transaction is conducted on an arm's-length basis and is a related-party transaction. Prior to this agreement, there was no outstanding debt between the two companies.
From equitybulls.com
Why it matters
The loan facility supports the operational setup and growth trajectory of JK Defence & Aerospace Limited, the defence and aerospace arm of Jaykay Enterprises Limited. The financing structure involves a wholly owned subsidiary receiving capital from its parent company.
From equitybulls.com