Maxvolt Energy Industries Grants Loan to Subsidiary in Support of Initial Operations
Maxvolt Energy Industries Limited has entered into a loan agreement with its subsidiary, Maxvolt Reearth Private Limited. The transaction involves financing the borrower's general corporate purposes and business needs.The agreement establishes Maxvolt Energy Industries Limited as the lender and Maxvolt Reearth Private Limited as the borrower. The collateralized facility is structured for an amount not exceeding Rs. 50 Lakhs. This unsecured loan was executed on July 20, 2026.
As a related party transaction, Maxvolt Energy Industries holds a significant stake in the subsidiary. The company owns 65% of Maxvolt Reearth Private Limited's shares. The agreement is structured at arm’s length.
Key terms of the loan include:
- Tenor: A maximum tenor of three years from the Effective Date.
- Interest Payment: The borrower has agreed to pay interest on the facility amount at an interest free rate. This decision aims to support the newly incorporated subsidiary during its initial operations.
- Security: The loan is unsecured, with no specific security provided by the borrower.
The transaction details confirm that the subsidiary relationship makes this a related party transaction, which has been conducted in accordance with arm’s length principles.
MAXVOLT Stock Price Movement
Today, Maxvolt Energy Industries Limited shares shed 0.97%, closing out the post-market session at ₹361.85 after falling from previous close of ₹367.55. The stock traded within a narrow intraday range defined by a low of ₹360.55 and a high of ₹375.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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