Liquidity Boost: Mehai Technology Extends ₹9.1 Crore Credit Flow to Aqua Unit

Loan Agreement Value: Not exceeding ₹910.60 lakh&nbsp;&nbsp;
Tenure: Up to 5 years from first disbursement&nbsp;&nbsp;
Interest Rate: 8.5% per annum, monthly repayment&nbsp;&nbsp;
Objective: Refinancing or prepayment of MAPL&rsquo;s UCO Bank loans&nbsp;&nbsp;
Relationship: Subsidiary with 95.10% shareholding; transaction at arm&rsquo;s length&nbsp;&nbsp;

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Mehai Technology Limited has announced a loan agreement with its subsidiary Mehai Aqua Private Limited, providing an unsecured facility of up to ₹9.1 crore. The five-year loan, carrying an 8.5% annual interest, will help Mehai Aqua repay or prepay its loans from UCO Bank, as per SEBI disclosure norms.