Frog Innovations Limited Establishes Inter-Corporate Loan of INR Rs. 1.5 Crore with Subsidiary
Frog Innovations Limited has entered into a Loan Agreement with its wholly owned subsidiary, Frog Tele Private Limited. The inter-corporate loan, executed on April 27, 2026, involves a facility amount of INR Rs. 1,50,00,000/-.Under the agreement, Frog Tele Private Limited, which serves as the borrower, is set to utilize the facility amount to cover the one-time lease rental payment payable to the Noida Authority.
The transaction involves Frog Innovations Limited acting as the lender. Since Frog Innovations Limited holds 100% of the shares in Frog Tele Private Limited, the transaction constitutes a related party transaction. The company stated that the agreement was executed at arm's length.
The terms of the loan agreement stipulate a tenure of 20 years. Furthermore, the borrower undertakes to pay interest on the facility amount at a rate of 8.8% per annum, noting that this rate is subject to revision based on changes in the bank's base rate from time to time. No security has been provided against the loan.
The key details of the agreement between Frog Innovations Limited and Frog Tele Private Limited are summarized below:
| Feature | Detail |
|---|---|
| Lender | Frog Innovations Limited |
| Borrower | Frog Tele Private Limited (WOS) |
| Loan Amount | INR Rs. 1,50,00,000/- (Rupees One Crore Fifty Lacs Only) |
| Loan Nature | Inter-Corporate Loan |
| Purpose | One-time lease rental payment to Noida Authority |
| Tenure | 20 years |
| Interest Rate | 8.8% per annum (Subject to revision) |
| Security | None |
FROG Stock Price Movement
Shares of Frog Innovations Limited are gaining momentum to ₹165 as of 3:27 PM, rising 0.43% in live trading today. The equity finds support on a day of robust activity, with 22,000 shares having been traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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