NOTE 11A — BORROWINGS (CURRENT)
Borrowings consist of the following:
| | |
As of
March 31,
2025 | | |
As of
March 31,
2024 | |
| | |
(US$) | | |
(US$) | |
| Secured Borrowings | |
| | |
| |
| Vehicle loan from bank and financial institution (a) | |
$ | 31,943 | | |
| 10,044 | |
| Term loans from a bank (b) | |
| 161,129 | | |
| 227,983 | |
| | |
| | | |
| | |
| Unsecured Borrowings | |
| | | |
| | |
| Loan from directors * | |
$ | 164,124 | | |
$ | 1,459,144 | |
| Cash credit facility | |
| 39,010 | | |
| - | |
| Loan from a related party * | |
$ | - | | |
$ | 31,019 | |
| Total | |
$ | 396,206 | | |
$ | 1,728,190 | |
| a) | i. The Company has an existing vehicle loan from a financial institution, secured by hypothecation of the respective vehicle.
The loan is repayable in 36 equal monthly installments, of which 6 installments remain outstanding as at March 31, 2025. The loan carries
an interest rate of 8.5% per annum. |
ii. During the year, the Company availed a new vehicle
loan, also secured by the respective vehicle. The loan is repayable in 39 equal monthly installments, with 35 installments outstanding
as at March 31, 2025. The applicable interest rate is 8.93% per annum.
| b) | The company has taken a fresh loan from the bank with a total limit of $ 3,000,000 (approx.), out of which the bank has disbursed
$ 777,452. The loan is repayable in 50 monthly instalments. The loan carries an interest rate of 9.5% (Floating), Security offered for
the Bank term Loan was as under: |
| Sr.No. | | Particulars | | Description | | 1 | | Purpose | | To meet the working capital requirements | | 2 | | Repayment Terms | | 50 equal monthly instalments | | 3 | | Interest Rate | | 9.50% per annum (Floating) | | 4 | | Primary Security | | Industrial Open land owned by a director, Residential property owned by a director. | | 5 | | Guarantor | | Personal guarantee of a Director & Lytus Technologies Private Limited |
|