Frog Innovations Ltd. Enters into Loan Agreement with Subsidiary Frog Tele Private Ltd.
Frog Innovations Limited has entered into a Loan Agreement with its wholly owned subsidiary, Frog Tele Private Limited. The agreement involves a loan of INR 10,00,000, intended to cover the balance payment for a One Time Lease Rental.The transaction details reveal that the Company, acting as the Lender, is providing the funds to Frog Tele Private Limited, which serves as the Borrower. The loan amount of INR 10,00,000 is required to cover the differential net payable on account of TDS and GST applicable on the lease rental, as per the challan received from the Noida Authority.
The agreement, executed on May 12, 2026, establishes several significant terms for the inter-corporate loan. The facility is structured over a tenure of 20 years. The borrower undertakes to pay interest on the facility amount at a rate of 8.8% per annum, subject to revision in line with changes in the bank's base rate over time.
Frog Innovations Limited confirms its full control over the borrower, holding 100% of the shares in Frog Tele Private Limited. The transaction was noted to be at arm's length, and the borrower is a wholly owned subsidiary of the Company.
Key details of the loan agreement are summarized below:
| Particulars | Details |
|---|---|
| Lender | Frog Innovations Limited (The Company) |
| Borrower | Frog Tele Private Limited (Wholly Owned Subsidiary) |
| Total Loan Amount Granted | INR 10,00,000 (Rupees Ten Lacs Only) |
| Purpose | Balance payment of One Time Lease Rental (covering TDS and GST differential). |
| Interest Rate | 8.8% per annum (subject to revision) |
| Tenure | 20 years |
| Shareholding | 100% |
FROG Stock Price Movement
Frog Innovations Limited shares today slipped by 7.24% to settle at ₹201.5. The equity saw a total traded volume of 25,600 shares during the session.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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