Rockingdeals Circular Economy Limited Awards Unsecured Loan of AED 7,70,000 to Wholly Owned Subsidiary
Rockingdeals Circular Economy Limited has approved and executed a loan agreement providing financial assistance to its wholly owned subsidiary (WOS), Rockingdeals General Trading LLC. The unsecured loan, valued at AED 7,70,000, was formalized on July 13, 2026.The transaction involves the provision of an unsecured loan in a single tranche by Rockingdeals Circular Economy Limited to its subsidiary, Rockingdeals General Trading LLC. The purpose of the financing is to provide financial assistance for the general corporate and business needs of Rockingdeals General Trading LLC.
As stated in the agreement details, Rockingdeals Circular Economy Limited holds 100% equity shareholding in Rockingdeals General Trading LLC, confirming that the parties are related. Despite this relationship, the loan transaction is being conducted on an arm's length basis.
The key financial and structural terms of the loan agreement include:
| Detail | Information |
|---|---|
| Lender | Rockingdeals Circular Economy Limited |
| Borrower | Rockingdeals General Trading LLC (Wholly Owned Subsidiary) |
| Loan Amount | AED 7,70,000 |
| Nature of Loan | Unsecured, Single Tranche |
| Interest Rate | 9% per annum (calculated on a simple interest basis) |
| Tenure | 1 year from the date of first disbursement |
The agreement specifies that no security was provided for the loan. The transaction underscores the financial support offered by the parent company to its subsidiary, with the details confirming the related party nature and the arm's length execution of the debt instrument.
ROCKINGDCE Stock Price Movement
Shares of Rockingdeals Circular Economy Limited today slipped by 0.88% to settle at ₹180, trailing the recent close. During trading activity, 1,750 shares were transacted in 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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