6282 Kang Shu: Announcement of Implementation Status of Subsidiary's Fund Loan Improvement Plan
Kang Shu has announced an improvement plan for intercompany loans to its subsidiary, OmniOn Power Mumbai. Due to a decline in the subsidiary's net worth, the loan limit exceeded regulatory requirements. Kang Shu has adjusted the limit and is implementing cost-sharing through internal transfer pricing to improve financial health.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 06:31
- 🔍 Collected: May 22, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 21:28 (230h 56m after Collected)
1. Date of occurrence: May 21, 2026. 2. Subsidiary: OmniOn Power Mumbai Private Limited. 3. Reason: The subsidiary's net worth declined, causing the loan limit to exceed the regulations. 4. Measures: Reduced the loan limit from INR 176,000,000 to INR 130,000,000. 5. Other: The company will monitor the subsidiary's net worth closely and use internal transfer pricing to improve cash flow.
FAQ
How much was the loan limit reduced for Kang Shu's subsidiary?
It was reduced by 46 million INR.