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Board approved up to Rs6 Cr inter-corporate loan to Transaction Solutions International (India) Pvt Ltd at 12% p.a. payable quarterly, max one-year tenure, repayable on demand, in tranches. Another cash deployment into inter-corporate lending; again starts unsecured with share pledge only proposed pending approvals, echoing auditor concern over informal unsecured lending terms. Loan yet undisbursed and unsecured; pledge over Findi-held TSI shares needs RBI approval, conversion to equity subject to valuation and approvals; borrower use for debt and working capital.
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