Indo-National Limited Approves Additional Loan to Aidin Technologies Private Limited
Indo-National Limited announced the approval of an additional loan of INR 70,00,000 to Aidin Technologies Private Limited on March 17, 2026. This supplemental loan, executed on the same date, increases the total loan amount to INR 10,70,00,000. The initial loan of INR 10,00,00,000 was provided on October 7, 2025.The loan is intended to meet Aidin Technologies Private Limited's working capital requirements.
Key terms of the loan agreement include personal guarantees from Aidin Technologies Private Limited’s promoters, Mr. Harish Harohalli Vishwamurthy and Vinay Chandran KM. Mr. Harish Harohalli Vishwamurthy has pledged shares to the extent of 1.87 times the disbursed loan amount, based on a pre-money equity valuation of INR 75,00,00,000 for the Borrower. Furthermore, if Aidin Technologies Private Limited fails to repay the loan within eight months, Indo-National Limited has the right to initiate insolvency proceedings under applicable Indian Bankruptcy Code provisions.
| Particulars | Details |
|---|---|
| Party Involved | Aidin Technologies Private Limited |
| Purpose | Working capital requirements |
| Total Loan Amount | INR 10,70,00,000 |
| Security Provided | Personal guarantees from promoters and a pledge of shares |
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