Sanction Letter for Renewal WORKING CAPITAL LOAN

Reference Number: RWCA000000020757

Date - 11-04-2025

To,
M K TRADERS,

Sub: Sanction Letter for renewal of your Working Capital Facility

Facility type Account Number

CGTMSE 923030022540088

Dear Customer,

Thank you for banking with us.

Presently, you are enjoying the above mentioned Working Capital facilities with Axis Bank Limited ("Bank") and
same has been renewed. You are requested to review the revised details. Please feel free to contact us for any
further information / documents in this regard.

As per our records, you have accepted the following declarations:

1. There is no change in the constitution of your business entity, business ownership in the last year and in your
address as well as promoters from the KYC documents submitted previously.
2. There is no material change in the business environment in particular to your business.
3. The Bank has complete discretion to carryout internal assessment criteria including internal checks, CIBIL &
other Bureau Checks as per their satisfaction
4. Connected lending declarations -
a) None of the directors of Axis Bank is a director / partner, manager, managing agent, employee or
guarantor of the borrower or of a subsidiary of the borrower or of the holding company of the
borrower and that none of them hold substantial interest in the borrower or its subsidiary or its
holding company.
b) None of the directors of any other bank or the subsidiaries of the any banks or trustees of Mutual
Funds / Venture Capital Funds set up by the banks is a director / partner, manager, managing agent,
employee or guarantor of the borrower and that none of them holds substantial interest in the
borrower.
c) None of the relatives of the director(s) of Axis Bank or any other bank, as defined by extant
guidelines of RBI from time to time, is a director / partner, or guarantor or major shareholder or is in
control of the borrower and that none of them are major shareholder(s) or is / are in control of the
holding or subsidiary company of the borrower.
d) None of senior officials of the Bank or their relatives as defined by extant guidelines of RBI from time
to time is a director / partner, or guarantor of borrower and that none of them hold substantial
interest in the borrower.
5. There is no pending, overdue statutory dues.
6. You understand that prevailing Rate of Interest will continue post renewal of facility and Renewal fees will be
charged to your CC / OD account as per below on sanction limit.

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 PF Value
Facility Amount (In PF (Inclusive Account ROI*
Account Number
Type INR) Rate of GST In Category (in %)
INR)
923030022540088 CGTMSE 25,00,000 0.50 % 14588.36 REGULAR 12

*ROI / Interest Rate = Repo + Spread. For Spread, please refer original Sanction Letter.

7. You understand that the renewed limits will be governed by the terms and conditions of the existing sanction
letter dated 15-04-2024 bearing reference number 40195376 (the "Existing Sanction Letter"). You understand
that this renewal sanction letter is issued by the Bank for renewing the limits and for intimation by the Bank to
you that the limits are renewed will bind you to the terms of the Existing Sanction Letter and you irrevocably
and unconditionally agree to be abide by the terms of the Existing Sanction Letter.
8. You agree and confirm that the Bank may renew the credit facility/ies at its sole discretion and upon the same
terms and conditions as present in the Existing Sanction Letter.

In case if any of the above stated declarations is breached during the tenor of the facility, you shall inform the
Bank immediately. In case of non-compliance with the undertaking or giving wrong undertaking in relation to
Connected Lending/section 20, at any time during the currency of loan, the Bank reserves the right to recall the
loan immediately.

Regards,
Axis Bank Ltd.

********This is a system generated communication and does not require a signature*********

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 Annexure

Key Fact Statement

Facility 1 : CGTMSE
Account Number : 923030022540088
Loan amount (amount sanctioned to the borrower) (in Rupees) : INR 25,00,000/- Rupees Twenty Five Lakh
Only
Interest Rate* : 12% p.a.
Total interest charge during the entire tenure of the loan (in Rupees) : As per Amount Utilised
Account Category : REGULAR
Processing fees (in Rupees) (inclusive of GST) : INR 14,588.36/-
Annual Percentage Rate : 12.58%

Total amount to be paid by the borrower (in Rupees): As per Amount Utilised

Tenure of the Loan (in months): 12 months

Cooling off / Look-up period: 0 days

*Note: ROI / Interest Rate = Repo + Spread. For Spread, please refer original Sanction Letter.

Foreclosure / Takeover Charges

A. For Cash Credit / Overdraft / Working Capital - 2% plus applicable GST shall be levied on the sanctioned
amount.
B. For Term Loans (foreclosure) - 2% plus applicable GST shall be levied on the outstanding principal.
C. For Term Loans (part pre-payment) - 2% plus applicable GST shall be levied on the pre-paid principal amount.
Foreclosure charges shall not be levied on individual borrowers for floating rate loan.
Nil Pre-payment charges for MSE certified borrowers in case of closure of loan from internal cash accruals of the
firm or own fund.

Details of LSP acting as recovery agent and authorized to approach the borrower
Axis Bank Ltd.

Name, designation, address and phone number of Nodal Grievance Redressal Officer:
Name: Mr Ashish Rajput
Designation: Assistant Vice President
Address: Axis Bank Limited, NPC1, 5th Floor, Gigaplex, Plot No I.T.5,
MIDC, Airoli Knowledge Park, Airoli, Navi Mumbai - 400708
Email: nodal.officer@axisbank.com
Contact timings of the nodal officers:
Contact no: +91 80 61865200
Timings: 9:30 am to 5:30 pm Monday to Saturday
(except second and fourth Saturdays and Bank Holidays)

Name, designation, address and phone number of Principal Nodal Grievance Redressal Officer:
Name: Ms. Deepti Radkar
Designation: Senior Vice President - II
Address: Axis Bank Limited, 5th Floor, Gigaplex, Plot No I.T.5,
MIDC, Airoli Knowledge Park, Airoli, Navi Mumbai - 400708
Email: pno@axisbank.com
Contact timings of the principal nodal officers:
Contact no: +91 80 61865098
Timings: 9:30 am to 5:30 pm Monday to Saturday
(except second and fourth Saturdays and Bank Holidays)

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
For clauses related to Bank's Privacy policy and Disclaimer, please refer the below links:
https://www.axisbank.com/online-privacy-policy
https://www.axisbank.com/disclaimer

Online Privacy Policy

1. This website https://www.axisbank.com ("Website") and the relevant App is owned and operated by Axis
Bank Limited (referred to as "the Bank" and hereinafter also indicated by "us", "we" or "our").

The Online Privacy Policy ("Policy") applies to all visitors, users and others who access or use the Website
/App and/or submit any information (hereinafter referred to as "the User" and also indicated by "you" or
"your").Access to and the use of the Website/App and submitting any information is subject to the Policy.
You are kindly requested to read the contents of this Policy carefully before making use of the Website/App
and submitting any information in any manner whatsoever.
Please note that the use of the Website/App is subject to other conditions, such as Terms & Conditions for
Use and Disclaimer available on the Website/App.
The Bank respects the privacy of the User and is committed to take reasonable precautions/safeguard to
protect Information consisting of Personal Information including the sensitive personal data and information
of the User of our Website/App and comply with all legal, regulatory and/or contractual obligations relating
to privacy. This Policy covers the guidelines and procedures required to be followed for collection,
processing, storage, usage, access, and disclosure of personal information of the User as required under
applicable law/regulations in the normal course of business.
2. Information covered by this Policy: This Policy applies to information collected and processed by the Bank
including Personal Information. The Bank collects only such data that is required or is essential for
provision of services to the User.
The types of personal data processed are as under:
1. Personal Data : For the purpose of this Policy, Personal Information shall mean any information that
relates to a natural person, which either directly or indirectly identifiable, having regard to any
characteristic, trait, attribute or any other feature of the identity of such natural person, or any
combination of such features, or any combination of such features with any other information
available or likely to be available with a body corporate, is capable of identifying such person
including name, email id, phone number, date of birth, gender etc.
2. Official identification documents such as Permanent Account Number (PAN) to complete Know Your
Customer checks
3. Financial information such as bank account/mutual fund/existing loan details to undertake credit
checks
4. Your residential and office address details to communicate with you
5. Your existing credit facilities to undertake credit checks
6. We may also collect the information that the User posts in a public space on our Website/App or on
a third-party social media site belonging to the bank, the demographic information about the User,
or any other information provided by the User during the use of our Website/App. The bank might
collect this as a part of a survey also. When you use our Website/App, we may collect information,
through "cookies". Please note that any information that is freely available or accessible in public
domain shall not be regarded as Personal Information. Users are free to disable/delete these
cookies by changing their device's browser settings. Axis Bank is not responsible for cookies placed
in the device of user/s by any other website and information collected thereto.
3. Usage of information: The Bank might use the information you provide to contact you for confirmation of
your registration on our Website/App or managing our relationships with you, communicating with you,
keeping records of those communications and for other promotional purposes such as offering relevant
products to you. We intend to share your information except passwords, medical records and history and
biometric information with the third parties as identified and listed. The list of such third party entities is
available here. The personal information as aforesaid shared with such third parties will be used to
customize your experience with us, which may include displaying content based upon your preferences
when you access your accounts with the respective third parties. We may use your information to make our
Website/App and products better or for the purposes of enabling publication and administering of our
Website/App. We may combine information we get from you with information about you we get from third
parties. We may use information to protect our Bank, our customers, or our websites. We might also use
the information to send you promotional offers and to tell you about new features or products. The
information may be used for the purposes of analyzing the use of the Website/App, enabling, and
monitoring your use of our Website/App, operating our Website/App, ensuring the security of our Website
/App and for maintaining back-ups of our databases. We will use information as otherwise permitted by
law. The User agrees and understands that we or any of our business partners, associates, third party

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 service providers and/or group companies (which includes our subsidiaries) may use the information to
contact the User and/or communicate and offer relevant products and services on our website/App or on
affiliate platforms The User authorises Axis Bank to exchange, share, part with all information related to the
details and transaction history of the User to its Affiliates / banks / financial institutions / credit bureaus /
agencies/participation in any telecommunication or electronic clearing network as may be required by law,
customary practice, credit reporting, statistical analysis and credit scoring, verification or risk management
or any of the aforesaid purposes and shall not hold Axis Bank liable for use or disclosure of this
information. All Information collected shall be used for the relevant lawful purposes connected with various
functions or activities of the Bank related to services in which the User is interested, and/or to help
determine the eligibility of the User for the product/services requested/ applied/ shown interest in and/or to
enable Bank the User verification and/or process applications, requests, transactions and/or maintain
records as per internal/legal/regulatory requirements and shall be used to provide the User with the best
possible services/products as also to protect interests of Axis Bank.
The Bank is committed to protecting and securing personal data. However, in the unlikely event of a data
breach suffered by the Bank, the Bank shall take all requisite, appropriate and reasonable measures to
mitigate the damages caused under applicable law. In addition, the Bank shall also intimate the affected
Users of the same in such manner and within such time as may be prescribed by applicable laws.
4. Amendments: The Bank reserves the right to update/amend this policy and list of third parties with whom
the Bank intends to share the aforesaid information of the User from time to time by publishing a new
version on our Website/App. The list of identified third parties available here and will be updated on 5th day
of every month. Upon any amendment in the list of identified third parties and/or this Privacy Policy,
communication will be sent to the User through SMS to its registered mobile number and an email to its
registered email id.
5. Withdrawal of consent:In the event the User wants to dissent and/or withdraw his / her consent to process
his/her personal information Or provide his/her personal Information with the third parties at any time, May
Send An Email On - email.services@axisbank.com Using His/Her Registered Email ID. Bank Will
Update The Databases At Its End In The Next 90 Days Of Receiving The Customer Request After Doing
Required Checks. It is hereby expressly informed that the Bank may continue to retain certain data
including personal data to comply with its legal and regulatory obligations. It is further informed that
revocation of consent may impact certain services being provided to the User. The Bank shall not be
responsible for any loss/harm suffered by the User due to such impact of services.
6. Storage of Information: The Bank shall retain Information for only as long as necessary to meet legal or
regulatory requirements or for legitimate business purposes as mentioned in this Policy. The Bank has
implemented required security practices and standards in line with the global standards and has a
comprehensive information security program and policy in place, which contains managerial, technical,
operational, and physical security control measures that commensurate with the information assets being
protected with the Bank's nature of business. It is being reviewed periodically to keep pace with business,
technology, and regulatory changes.

The Bank has ensured that all data pertaining to the services provided by the Bank are stored in servers
located in India
7. Disclosure of Information: The Bank will not sell or trade the information to any third party. The Bank shall
not use or disclose Information for purposes other than as mentioned in this Policy, except with the consent
of the User providing such Information or as required by the law. However, the Bank may be legally
required to disclose the Information in cases: (a) where the disclosure is necessary for compliance of a
legal obligation; (b) where mandated under the law by Government agencies to disclose such Information.
Where necessary, the Bank may disclose or transmit Information to its business partners, affiliates,
associates, third party service providers and/or group companies (which includes our subsidiaries) during
the normal course of business for the purposes of promotional communication, storage or for business
communication including promotional offers, new services, technology updates etc. and for such other
purposes as required for provision of services as mentioned in this Policy. In such cases, the Bank will only
share Information related data when it is assured that: (a) The Information is processed legitimately and
appropriately by the business partner, associate, third party service providers and/or group bank in line
with the established consent or in line with legal requirements; and/or (b) The business partner, affiliates,
associate, third party service providers has adopted a reasonable and equivalent level of security practices
and procedures to ensure security of the Information shared. We may also disclose your information to our
insurers and/or professional advisers as reasonably necessary for the purposes of obtaining or maintaining
insurance coverage, managing risks, obtaining professional advice, or the establishment, exercise, or
defense of legal claims, whether in court proceedings or in an administrative or out-of-court procedure.
8. Effective Date: This Online Privacy Policy was last modified on October 09, 2023
9. Grievance: In case of any complaint or grievance, the User may contact the Customer Care Representative
, the details are provided on the Website/App and the Customer Care Representative shall expeditiously
redress the grievances, but within reasonable time as may be provided in applicable laws.
10. Specific Rights under RBI's Digital Lending Guidelines:

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 1. In case the User wishes the Bank to delete his/her own data, User May Send An Email On - email.
services@axisbank.com Using His/Her Registered Email ID. Bank Will Update The Databases At
Its End In The Next 90 Days Of Receiving The Customer Request After Doing Required Checks.
However please note that the Bank may need to retain some data, including personal data to
comply with applicable legal and regulatory requirements. The Bank shall endeavor to use such
methods/processes to render the maintain confidentiality and privacy throughout the data erasure
/destruction process.
2. In case the User wishes to restrict the usage of their data they can refer to Section V. Please note
that restriction of usage of data could impact the services provided by the Bank and that the User
will be solely liable for any such impact.
3. The User's information will be stored and retained by the Bank for a minimum of 10 years or as long
as necessary to fulfil the stated purpose(s) at the time of collection in compliance with relevant laws
and internal policies. Retention may also be needed for combating fraud and meeting contractual
commitments, in addition to meeting legal or regulatory obligations. This retention period extends
beyond the termination of the business relationship between the customer and the bank or the
closure of the account, whichever occurs later. Further, upon any request by User for deletion, Bank
will proceed to remove the User's Personal Information, unless he/she has an ongoing loan or
active service with the Bank, or if the retention of their Personal Information is mandated by relevant
laws or regulatory obligations.

The Schedule of Charges as per Axis Bank policy has been detailed below. Please note, your consent to
the Terms and Conditions, is considered as your approval to the below mentioned charges, as applicable;
the charges are also subject to change without prior intimation.

SBB PRODUCTS - SCHEDULE OF CHARGES (w.e.f. 05-02-2025)

Services Charges
1 CASH TRANSACTIONS
a Cash deposit (Home & Non-Home Branch)

Free Limit is INR 12 lakhs per month

(i) Free Limit
(Home and non-home branch combined)

(ii) Charges above free limit INR 3/- per thousand

Maximum daily limits for Inter-branch deposits

(iii) INR 10 lakhs
(Intercity & Intra-city)

2 CHEQUE TRANSACTIONS

Cheques deposited at Home branch or any

a other branch in the same city for local clearing Free
/ collection

If under speed clearing:

Up to INR 1 lakh: Free
Above INR 1 lakh: INR 150/- per instrument
Cheques deposited at any Axis Bank branch
(charges inclusive of all
b outside Home branch location for local clearing
out of pocket expenses)
/ collection
If not under speed clearing:
INR 5/- per thousand, minimum INR 50/- and
maximum INR 50000/- per cheque

Up to INR 10000/- : INR 50/-

Above INR 10000/- up to INR 1 lakh: INR 100/-
Cheques deposited at non-home branch for
c per instrument
outstation collection through our bank network
Above INR 1 lakh: INR 150/- per instrument
(charges inclusive of postage)

Handling charges for return of cheques

50% of applicable collection charges; minimum
d deposited at non-home branch and sent on
INR 500/- per cheque / instrument
collection through our Bank network

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 INR 5/- per thousand; minimum INR 50/- and
Cheques deposited at non-home branch for
e maximum INR 25000/- per cheque plus other
outstation collection through other bank
bank charges plus other bank charges

Handling charges for return of cheques 50% of applicable collection charges, minimum
f deposited at non- home branch and sent on INR 500/- per cheque / instrument plus other
collection through other bank bank charges

Postage (in addition to above collection /

g INR 50/- per cheque
handing charges)

3 ACCOUNT MAINTENANCE

Charges for fund based working capital

(i) INR 1/- per entry, minimum INR 25/- per month
accounts

4 CHEQUE BOOK CHARGES

First 100 leaves free (for new borrower
(i) Per leaf
account) and thereafter INR 2/- per leaf
5 REPAYMENT INSTRUCTION / INSTRUMENT RETURN CHARGES

Charges on return of cheques deposited at

(i) home branch for local clearing (Outward INR 100/- per instrument
Return)

Charges on return of cheques issued by

(ii) INR 500/- per instrument
customer (Inward Return)

(iii) ECS Return INR 250/- per record

6 ACCOUNTSTATEMENT ISSUANCE CHARGES

(i) Daily / Weekly / Monthly by e-mail No charge

(ii) Ad-hoc statement from any branch INR 100/- per statement

7 STOP PAYMENT

INR 50/- per instrument, maximum INR 100/-

(i) Per instrument
per instruction

(ii) Per Series INR 100/- per series, per instruction

8 REMITTANCE - DEMAND DRAFT / PAY ORDER

Ad valorem charges: Free Transaction charges

(i) Issue of Pay Order : 15 Pay Order free per day: above that INR
50/- per Pay Order

Ad valorem charges: Free Transaction charges

Issue of Demand Draft (Payable at Axis Bank
(ii) : 15 Demand Drafts free per day: above that
Locations)
INR 50/- per Demand Draft

Issue of Demand Draft (DD) (Payable at

INR 1/- per thousand; Minimum INR 25/- per
(iii) correspondent bank Locations under Desk
Demand Draft
Drawing arrangement)

Issue of Demand Draft Purchased from other

(iv) At cost
banks
Cancellation of Demand Draft / Pay Order
(v) INR 100/- per Demand Draft / Pay Order
drawn on our Bank

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 Cancellation of Demand Draft drawn on Other bank charges plus INR 100/- per
(vi)
correspondent bank Demand Draft

Issuance of duplicate Demand Draft / Pay

(vii) INR 100/- per Demand Draft / Pay Order
Order drawn on our Bank

Issuance of duplicate Demand Draft drawn on Other bank charges plus INR 100/- per
(viii)
correspondent bank Demand Draft

Revalidation of Demand Draft / Pay Order

(ix) INR 100/- per Demand Draft / Pay Order
drawn on our Bank

Revalidation of Demand Draft drawn on Other bank charges plus INR 100/- per
(x)
correspondent bank Demand Draft

9 Issue of Opinion Reports

(i) Per report INR 500/-

10 Allocation of Limits

INR 10000/- p.a. for allocation of limit to each

(i) Per each branch
branch (to be recovered by controlling branch)

11 Signature Verification

(i) Per application / letter INR 50/-

12 Enquiry related to old records more than 1 year old

(i) Per item INR 150/-

13 Duplicate No Dues Certificate / NOC

(i) Per certificate INR 50/-

14 Issuance of Solvency Certificate

(i) Solvency Certificate for value of INR 1 lakh INR 750/-

Solvency Certificate for value of over INR 1

(ii) INR 1500/-
lakh but up to INR 10 lakhs

Solvency Certificate for value of over INR 10

(iii) INR 3000/-
lakhs but up to INR 25 lakhs

Solvency Certificate for value of over INR 25

(iv) INR 5000/-
lakhs

15 NEFT & RTGS TRANSACTIONS

Upto INR 1 lakh - INR 5/- per transaction

A NEFT Outside Axis Bank (From branch)
Above INR 1lakh - INR 25/- per transaction

B RTGS outside Axis Bank (From branch) INR 25/- per transaction

C NEFT / RTGS (Digital channel) Free

16 MOBILE ALERT CHARGES

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 Daily alert on day end balances: INR10/- per
month
Mobile Banking Service Charges Transaction / Cheque Return Alert: INR25/-
per month
Both : INR35/- per month

(1) Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and
fees (wherever GST is applicable).
(2) Out of pocket expenses in all cases are to be recovered separately.
(3) Branches should ensure modification of appropriate chargeswhile entering transactions in Finacle to
enable the system to calculate the charges correctly.

17 Fees and Charges (As per Applicability)

As per the guidelines shared by CGTMSE

A CGTMSE Fee
Trust from time to time

B Stamp Duty As Applicable

C Legal Audit Charges As Applicable

D EM Creation Charge As Applicable

E ROC charge As Applicable

F CERSAI Charges INR 100 per Security + GST

2,000/- + Taxes (No waiver allowed for AMC

G AMC Charges for Unsecured DOD
charges)

18 Prepayment Charges

For Term Loans: 2% of Principal Outstanding

For CC/OD Facility: 2% of Sanction Limit

In case of Micro and Small Enterprises (MSE)

customers, no Prepayment charges are
A Prepayment Charges
applicable if; i. Loan
amount is up to Rs.50 Lakhs under Fixed rate
loans
ii. Loans with floating interest rates
(irrespective of the loan limit)

For Term Loans: 1% of pre-paid amount

In case of Micro and Small Enterprises (MSE)

customers, no Prepayment charges are
B Part-prepayment Charges applicable if; i. Loan
amount is up to Rs.50 Lakhs under Fixed rate
loans
ii. Loans with floating interest rates
(irrespective of the loan limit)

19 PENAL CHARGES

1% p.a. above applicable interest rate /

Delay / non-submission of stock / book - debts commission from the date of each non-
A
statements financial default on the outstanding amount of
fund-based credit facilities

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 Non-payment of interest / instalment on due 8% p.a. above applicable interest rate on the
B date or non- realization of the bills on the date overdue amount (subject to the aggregate not
of payment exceeding INR 1,00,000/- per instance)

8% p.a. above applicable interest rate on the

C Drawing over DP / limit overdue amount (subject to the aggregate not
exceeding INR 1,00,000/- per instance)

1% p.a. above applicable interest rate /

commission from the date of each non-
D Non creation of Security
financial default on the outstanding amount of
fund-based credit facilities

8% p.a. above applicable interest rate on the

E Expiry of working capital limits overdue amount (subject to the aggregate not
exceeding INR 1,00,000/- per instance)

1% p.a. above applicable interest rate /

commission from the date of each non-
F Non-compliance of Sanction Terms
financial default on the outstanding amount of
fund-based credit facilities

Delay / non submission of LEI details as per 1% per annum on the outstanding loan amount
G
applicability for the period of non-compliance

Delay / non submission of insurance policy of 1% per annum on the outstanding loan amount
H
primary or collateral security for the period of non-compliance

Delay / non submission UFCE certificate 1% per annum on the outstanding loan amount
I
details as per applicability for the period of non-compliance

Delay / non-submission of Acknowledgement 1% per annum on the outstanding loan amount

J
of Debt as per applicability for the period of non-compliance

Delay / non-submission of Udyam Registration 1% per annum on the outstanding loan amount
K
Certificate as per applicability for the period of non-compliance

Non-routing of proportionate turnover through 1% per annum on the outstanding loan amount
L
Axis Bank as per sanction terms for the period of non-compliance

Delay / non-submission of Notice of intimation 1% per annum on the outstanding loan amount
M
to SRO as per applicability for the period of non-compliance

Sanction condition - Closure of other bank 1% per annum on the outstanding loan amount
N
Current Accounts for the period of non-compliance

Note:
1) There shall be no capitalisation of Penal Charges.
2) Penal charges for each calendar month should be recovered on the last working day of the month or on
closure of the account, whichever is earlier.

Schedule of Charges for Trade and Forex Transactions (w.e.f.01-08-2024)

S.No SERVICES CHARGES

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 1 IMPORT LETTER OF CREDIT
A Opening of Sight Letter of Credit
(i) Commitment charges 0.20% per quarter on the LC amount (If the
AND period of the LC is part thereof then charges
for full quarter should be recovered) minimum
(ii) Usance charges for bills upto 10 days sight INR 2000/-
B Opening of Usance Letter of Credit
(i) Commitment charges
AND
1.50% p.a. of LC amount - minimum INR 2000/-
Usance charges for bills over 10 days and upto
(ii)
3 months
1.B (i) plus [0.05% p.m. in excess of three with
minimum INR 2000/-]. If the period of the LC is
(iii) Usance charges for bills over 3 months
part thereof then charges for full month should
be recovered
Charges mentioned under 1 A or 1 B above
should be recovered on the amount and period
C Opening of Revolving Letter of Credit
by which the LC gets reinstated every time it
revolves
D SWIFT charges INR 1000/-

(1) For issuance of individual FLC of value exceeding INR 5 Crores, 50% of above mentioned charges will be
applicable with a minimum of INR 1000/- plus SWIFT charges of INR 1000/-.
(2) If the sanction specifies concessional rates the same would be applicable.

E Amendment of FLC
Non-Financial Amendment: INR 1500/-
Any amendment excluding extension in validity
(i) amendment charges + INR 1000/- SWIFT
or value of LC
Charges
Financial Amendment (Related to value and
Extension in validity of LC beyond the LC tenor): Charges applicable for LC issuance +
(ii)
period INR 1500/- Amendment Charges + INR 1000/-
SWIFT Charges
Financial Amendment (Related to value and
tenor): Charges applicable for LC issuance +
(iii) Enhancement of value of LC
INR 1500/- Amendment Charges + INR 1000/-
SWIFT Charges
Financial Amendment (Related to value and
Amendment in extending the tenor of the bill of tenor): Charges applicable for LC issuance +
(iv)
exchange INR 1500/- Amendment Charges + INR 1000/-
SWIFT Charges
(v) SWIFT charges INR 1000/-
Issuance of Delivery Order pending receipt of
F INR 1000/-
import bill
2A INLAND LETTER OF CREDIT
(i) Opening of Sight LC 1.5% p.a. of LC value, Min. INR 1500/-
Opening of Usance LC (Usance Period upto 3
(ii) 1.5% p.a. of LC value, Min. INR 1500/-
months)
(iii) Usance period over 3 months 1.75% p.a. of LC value, Min. INR 1500/-
(iv) Acceptance charges Nil (Included in LC Issuance Charges)
(v) Retirement / Realization of Bills under LC Nil (Included in LC Issuance Charges)
2B Amendment of Inland LC
Financial Amendment: LC issuance charges
(i) Amendment of increasing value of credit (Min. INR 1500/-) + INR 1500/- Amendment
charges
Financial Amendment: LC issuance charges
Amendment for extension of Period of LC
(ii) (Min. INR 1500/-) + INR 1500/- Amendment
(Including Revolving LCs)
charges
(iii) Amendment of other terms of LC Non-Financial Amendment: INR 1500/-

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 Advising Letter of Credit Customers: INR 1500/-
(iv)
Advising of Amendment Non Customers:INR 2000/-
(v) Confirmation of LC As applicable for opening of LC
(vi) Transferable Letter of Credit INR 2000/- for each transfer
(vii) Postage INR 500/-
(viii) SFMS Charges INR 1000/- per message
3 BILL NEGOTIATION UNDER INLAND LC
0.35% of Bill amount (Min. INR 1500/-) +
Interest rate stipulated in sanction
(i) Negotiation charges For LCBN (without Recourse)- 0.5% of bill
amount (Min. INR 2000/-) + Interest rate
stipulated in sanction
(ii) Collection Charges as applicable for the bill INR 500/-
Guaranteeing discrepancy in documents
negotiated under LC - If payment received
(iii) 0.30% with a minimum of INR 1000/-
under reserve is credited to beneficiary's
account
(iv) Clean payment received under LC Flat charge of INR 500/-
0.50% of the bill amount minimum of INR
Factoring / Invoice Discounting (Handling
(v) 1000/- PLUS applicable interest / discount rate
Charges)
as stipulated in the sanction
4 Collection of Bills - OUTWARD *
Collection of Bills-Sent for Collection to any 0.70% of the bill amount with minimum of INR
(i)
branch of Axis Bank Ltd. 1000/-
Handling charges for return of bills sent for 0.40% of the bill amount with minimum of INR
(ii)
collection to any branch of Axis Bank Ltd. 1000/-
Collection of Bills through other Bank - Sent for Other Bank charges + 0.5% of bill amount with
(iii)
collection directly to the other Bank min of Rs 1000/-
Handling charges for return of bills sent for Other Bank Charges + 0.4% of bill amount with
(iv)
collection directly to the other Bank min of Rs 1000/-
Postage (in addition to above collection /
(v) INR 500/- per bill
handing charges)
5 Collection of Bills - INWARD *
Collection of bills received from any branch of
(i) No Charge
Axis Bank Ltd.
Handling charges for return of bills sent on
(ii) No Charge
collection through any branch of Axis Bank Ltd.
0.50% of the bill amount (minimum of INR
(iii) Collection of bills received from other bank
1000/-)
Handling charges for return of bills sent on 0.25% of the bill amount (minimum of INR
(iv)
collection through other bank 1000/-)
Collection of bills received directly from the 0.70% of the bill amount (minimum of INR
(v)
customer 1000/-)
Handling charges for return of bills directly 0.50% of the bill amount (minimum of INR
(vi)
received from the customer 1000/-)
(vii) Discrepancy Charges INR 750/- per bill
Postage (in addition to above collection
(viii) INR 500/- per bill
charges)
6 IMPORT BILLS
A Import Bills under LC
(i) Retirement of bill under LC ** 0.125% of LC amount minimum INR 2000/-
(ii) Crystallisation of bill under LC / Buyers Credit 6A(i) plus charges at 0.30%
Import bill on which no exchange benefit
(iii) 6A(i) plus 0.125% in lieu of exchange
accrues to LC issuing bank

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 USD 100/- for USD Bills; EUR 100/- for Euro
Discrepancy charges (will be recovered before Bills; GBP 100 for GBP Bills; JPY 10000 for
(iv) remitting the import proceeds to beneficiary's JPY Bills; for other currencies: Eqv of USD
bank / negotiating bank) 100/-.
In case of a Rupee bill INR 2500/-
(v) SWIFT charges INR 1000/-
Import bill received for collection / Global
B
Incollect
Collection bill where exchange margin is
(i) INR 2000/- per bill
earned
(ii) SWIFT Charges INR 500/-
Collection bill drawn in Rupees as well as in
(iii) foreign currency on which no exchange margin 6B(i) and (ii) plus 0.125% in lieu of exchange.
is earned
Collection Charges for Import bill received
C by importer directly from overseas exporter
(Direct Import Bill)
Collection bill where exchange margin is
(i) INR 2000/- per bill
earned
(ii) SWIFT Charges INR 500/-
Collection bill drawn in Rupees as well as in
(iii) foreign currency on which no exchange margin 6C(i) and (ii) plus 0.125% in lieu of exchange
is earned
D Advance remittance against imports
(i) Transaction where exchange margin is earned INR 2000/- per bill
(ii) SWIFT Charges INR 500/-
Transaction in Rupees as well as in foreign
(iii) currency on which no exchange margin is 6D(i) and (ii) plus 0.125% in lieu of exchange
earned
Handling charges for dishonour / return of INR 1250/- per bill plus other bank charges,
E
import bill unpaid if any
Follow up for retirement of Overdue Import
F INR 100/- per Bill / month
collection bills
Follow up for submission of Bill of Entry
G overdue payment beyond 6 months (Bill of INR 100/- per Bill of Entry / month
Entry in IDPMS using Axis Bank AD Code)
Follow up for Submission of Bill of Entry
H pending beyond 3 months (Collection / INR 100/- per Bill / month
Direct Bill / Bills under LC)
Follow up for Submission of Bill of Entry
I pending beyond 6 months (Advance Import INR 100/- per remittance / month
Remittances)
Follow up for Overdue Merchant Trade
J INR 500/- per transaction - half yearly
transactions - Overdue beyond 9 months
Follow up for Overdue Merchant Trade
K INR 500/- per transaction - half yearly
transactions- Outlay beyond 4 months
7 EXPORT LETTER OF CREDIT
A Advising of LC to Bank's customers
(i) Advising Export Letter of Credit INR 1500/-
(ii) Per Amendment INR 750/-
B Advising of LC to Non-bank customers
(i) Advising export Letter of Credit INR 2000/-
(ii) Per Amendment INR 1000/-
C Transfer of Export Letter of Credit INR 2000/- per transfer
Transaction specific approval to be obtained
D Adding Confirmation to Export Letter of Credit from TxB FI Trade Desk.
(Charges as per Bank rating & Country Risk)
8 EXPORT BILLS

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 A Purchase / Negotiation / Discount charges
For each foreign currency export bill including 0.03% with a minimum of INR 2000/- +
(i)
EBR bill ** applicable interest
For each rupee export bill, foreign currency bill
where proceeds are credited in EEFC account
or received in rupees through other banks, for 8A(i) plus 0.125% in lieu of exchange plus
(ii)
forwarding export bill to another bank where no applicable interest
collection commission or exchange accrues to
the bank
(iii) Courier charges INR 1000/-
Advance against export bill sent on
B
collection
0.0625% subject to a minimum of INR 1000/- +
(i) For each foreign currency export bill **
applicable interest
(ii) For each rupee export bill 8(B) (i) plus 0.125% in lieu of exchange
(iii) Courier charges# INR 1000/-
Crystallisation of foreign currency export
C 0.125% with minimum INR 2000/-
bill
Handling charges for export bill sent on
D
collection
Both foreign currency and rupee export bill
(i) INR 1250/- per bill
(Global Outcollect)
(ii) Courier charges# INR 1000/-
Export proceeds received in Rupees from
(iii) 8(D) (i) & (ii) plus 0.125% in lieu of exchange
other banks
Handling of export bill against advance
E INR 1250/- per bill
remittance received
"Set-off" of export receivables against import
F INR 1250/- plus 0.125% of the set off value
payables
G Reimbursement claim INR 1000/- flat
Approval for extension of due date for
H INR 500/- per extension per bill
realisation of export bill by Bank / RBI
Handling charges for dishonour / return of INR 1250/- per bill plus other bank charges, if
I
export bill unpaid any
J Approval for writing off of export bill INR 1250/- per request
K EDF (GR) approvals INR 1000/- per bill
Issuance of EDF (GR) waiver certificate
L INR 1000/- per certificate
Issuance of GR waiver certificate
Bank Realisation Certificate
M - Manual BRC NIL
- eBRC
Follow up for Submission of export bills for
N lodgment beyond 30 days from date of INR 100/- per Shipping bill / month
shipment
Follow up for realization of overdue export
O INR 100/- per Shipping bill /month
bills (beyond bill due date)
Follow up for submission of export bills for
P lodgment for overdue advance exports INR 100/- per remittance /month
beyond one year
9 OUTWARD REMITTANCE
A Non-import outward remittance
Non-import remittance in foreign currency
(i) INR 1000/- per remittance
(Global Outremit)
(ii) SWIFT Charges INR 500/-
Non-import remittance on which no exchange
(iii) 9A(i) & (ii) plus 0.125% in lieu of exchange
margin is earned
Outward remittance from FCNR(B) / NRE
B INR 100/-
accounts

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 10 INWARD REMITTANCE
Foreign Currency remittance including
A INR 300/- per remittance
advance remittance against exports
11 FOREIGN BANK GUARANTEE ^
Foreign Bank Guarantee in foreign
A
currency or in INR
2.50% p.a. subject to a minimum of INR 2500/-
(i) Issuance charges (Performance & Financial) + INR 1500/- Processing Fee + INR 1000/-
SWIFT charges + actual courier charges#
Non-financial Amendment: INR 1500/- +
SWIFT Charges INR 1000/-
Amendment- Enhancement / Extension Financial Amendment: Charges applicable for
(ii)
charges FBG Issuance + Amendment charges INR
1500/- + SWIFT Charge INR 1000/- + actual
courier charges#
(iii) SWIFT charges INR 1000/-
B Global Guarantee
Transaction specific pricing approval to be
Issuance of local guarantee against the
obtained from TxB FI Trade Desk. (Charges as
(i) counter guarantee received through SWIFT
per Bank rating & Country Risk) + INR 2000/-
from a Foreign Bank abroad
Processing fee + actual courier charges#

*(1)For issuance of all Bank Guarantees, commission will be recovered on the basis of actual months including
claim period.
(2) If the sanction stipulates concessional rate the same would be applicable.
# to be recovered, wherever applicable

12 INLAND BANK GUARANTEES

1) Performance Guarantee: Issuance - 1.8% p.
a. Min. INR 2500/- + INR 1500/- processing fee
(i) Issuance charges (Performance & Financial)
2) Financial Guarantee: Issuance - 2% p.a.
Min. INR 2500/- + INR 1500/- processing fee
1) Financial amendment: Issuance charges +
(ii) Amendment charges Rs.2500/-
2) Non-financial amendment: Rs. 1500/-

(1) Further, in case of all BGs, commission to be recovered on the basis of actual month in which the validity of
guarantee including claim period expires.
(2) If the sanction stipulates concessional rate the same would be applicable.

13 BUYERS CREDIT
A Buyers Credit against 110% Cash Margin
Arrangement of Buyers Credit, Issuance of a 50% of Standard Charges subject to minimum
(i) Guarantee / LOU / LOC, Payment to Supplier, INR 3500/- + SWIFT Charges INR 1000/-
Receipt of funding in Nostro (Subject to compliance with all in cost ceiling)
Repayment of Buyers Credit amount on
(ii) SWIFT Charges INR 1000/-
maturity with interest and charges
Buyers Credit against existing FB / NFB
B
limits
2.50% p.a. subject to a minimum of INR 1000/-
Arrangement of Buyers Credit, Issuance of a
or as per existing sanction terms for importer
(i) Guarantee, Payment to Supplier, Receipt of
plus SWIFT charges as applicable / actual
funding in Nostro
courier charges
SWIFT Charges for Repayment of Buyers
(ii) Credit amount on maturity with interest and INR 1000/-
charges
C Buyers Credit related Import Bill **
Import bill under LC on which no exchange 0.125% of bill amount min Rs. 2000 + 0.125%
(i)
benefit accrues to LC issuing bank in lieu of exchange
Import Collection bill drawn in foreign currency INR 2000/- per bill plus 0.125% in lieu of
(ii)
on which no exchange margin is earned exchange

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 (iii) SWIFT Charges INR 500/-
14 FORWARD CONTRACT
A Purchase and Sale Contracts
(i) Booking per contract INR 1000/- flat
(ii) Early delivery & cancellation INR 1000/- plus swap cost
COLLECTION OF FOREIGN CURRENCY
15
CHEQUE AND DEMAND DRAFT
A Collection charges 0.25%, subject to minimum charge of INR 100/-
B Return charges INR 100/-
C Postage charges INR 50/-
Collection charges for cheques sent under
D
Final Credit Service (FCS) of Wells Fargo Bank
Cheque / Demand Draft Amount
(i) Less than USD 5000 USD 6.00 per cheque
(ii) USD 5001 to USD 50000 USD 8.00 per cheque
(iii) USD 50001 to USD 750000 USD 10.00 per cheque
FOREIGN CURRENCY DEMAND DRAFT
16
(FDD)
0.30%, subject to minimum charge of INR
A Issuance charges
200/- per FDD
B Issuance of duplicate drafts INR 250/- per FDD
Cancellation / Stop Payment / Change of FDD
C INR 250/- per FDD
number
17 MISCELLANEOUS CHARGES
For processing applications for Project Exports
A Flat INR 10000/- per application
by Bank
Handling of currency exports/currency imports 0.01% min Rs.2500/-, + export bill collection
B
*** /purchase charges, as applicable
For processing any other application to RBI
C INR 500/- per application
(other than A or B above)
For issuance of No Objection Certificate (NOC)
D for permitted cases in respect of capital INR 1000/- per NOC
account transactions
For issuance of any other certificate /
E INR 250/- per certificate
attestation of export / import transactions
F Change in Purpose code INR 1000/- per remittance
Opinion Report (Including re-usage of
G
reports)
(i) For parties situated in USA & Canada INR 3000/-
For parties situated in Latin America, Africa &
(ii) INR 3600/-
Europe
For parties in rest of the world (Asia, Australia
(iii) INR 6000/-
etc.)
H SWIFT Tracer INR 500/- per tracer
Issuance of duplicate debit / credit advices /
I INR 100/- per advice / SWIFT message
SWIFT Messages / FIRC / BRC etc.
Enquiry related to old record more than 1 year
J INR 100/- per item
old
CAPITAL ACCOUNT TRANSACTIONS (Charges are effective from 01-02-2021)
18 OVERSEAS DIRECT INVESTMENT (ODI)
(i) Automatic Route (Initial Remittance) INR 25000/-
a) Subsequent Remittance / Pledge or any
guarantee (Amendment) reporting / NOC a) INR 10000/-
issuance b) 0.125% of total value of transaction with Min.
(ii)
b) Any Guarantee issuance reporting INR 10000/- and Max. INR 100000/- per
(Corporate / Bank) or Capitalisation of reporting
receivable or SWAP of shares

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 (iii) Disinvestments / Repatriation of Income INR 10000/-
RBI correspondence for Approval Route
(iv) transactions / Ratification or clean-up of legacy INR 25000/-
issues / project profile reconciliation
(v) APR Filing Fees INR 1000/- per APR
19 FOREIGN DIRECT INVESTMENT (FDI)
Inward Remittance (Incl. FIRC issuance 0.125% of total value of transaction with Min.
(i)
charges) INR 10000/- and Max. INR 25000/-
0.125% of total value of transaction with Min.
(ii) Repatriation
INR 10000/- and Max. INR 25000/-
RBI correspondence for Approval Route
(iii) INR 5000/-
transactions
FIRC Issuance wherein Funds received in INR 0.125% of total value of transaction with min.
(iv)
from other banks INR 1000/-
a) FIRC by Axis Bank (FCY / INR)- INR 1000/-
b) FIRC by other bank - 0.125% of total value
(v) FIRMS reporting
of transaction with min. INR 1000/-
c) No fund flows is involved - INR 25000/-
EXTERNAL COMMERCIAL BORROWING
20
(ECB)
(i) LRN processing fee INR 25000/-
(ii) Draw down (Inward Remittance) INR 10000/-
Repayment of Interest / Instalment (Outward
(iii) INR 5000/-
remittance)
RBI correspondence for Approval Route
(iv) INR 5000/-
transactions
(v) ECB 2 returns filing INR 250/- per ECB 2 return, per month
21 Issuance of NOC for pledge (FDI and ECB) INR 25000/- per NOC request
Any Follow up reminders for any filing
22 INR 100/- Per month
(FCGPR, FCTRS, APR, ECB 2, etc)
INR 50/- per page fax within India
23 Fax charges
INR 250/- per page fax outside India

General Notes:
(1) For any forex transaction where the Bank does not earn any exchange margin, an additional commission of
0.125% in lieu of exchange (CLE) margin will be applicable. This will exclude inward remittance to be credited to
EEFC account, Special Foreign currency account, Diamond Dollar Account, any other foreign currency
denominated account or capital a/c transactions in INR. However, any outward remittance from these accounts
will attract CLE.

(2) All the above charges will attract GST at applicable rates. [Except S. NO. 6 A (iv)]

(3) Stamp duty charges applicable in the respective states as per Govt. regulations from time to time will be
recovered wherever applicable.

(4) The above charges do not include out of pocket expenses if any and foreign correspondence charges, which
will be recovered separately.

(5) The above Schedule of Charges will only apply in cases where specific customer level pricing approval /
sanction is not in place.

* Subject to maximum of Rs 30000/-

** Subject to maximum of Rs 10000/-
*** Subject to maximum of Rs 5000/-

Standard Terms and Conditions:

1. All other related terms & conditions would be applicable as per previous sanctioned letter reference no.
40195376.

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
 2. The facility is subject to the borrower furnishing any information or documents or to submit or execute
the relevant post disbursement documents, as required by the Bank.
3. End use declaration signed by applicant and all co-applicants (if any) to be submitted before limit setup.
4. The rate of interest applicable to the facility shall be prevailing on the date of disbursement and as stated
in the Schedule to the Loan Agreement.
5. Repo Rate as applicable on the date of disbursement and the same shall be reset every 3 months or as
decided by the Bank, whichever is earlier. Bank shall publish the Repo Rate on a monthly basis.
Prevailing month. Repo Rate will be displayed on Axis Bank website http://www.axisbank.com. It shall be
the responsibility of the borrower(s) to inquire or avail from Axis Bank the details thereof on the reset
date specified in the agreement. Your account opened / renewed in a particular month shall be linked to
the Repo Rate prevailing for that month. The Repo Rate prevailing on the day the account is opened /
renewed and the credit limit is set up by the Bank for utilization will be applicable till the next reset date,
irrespective of the changes in the benchmark during the interim period. Bank is entitled to change the
reset frequency at any point of time.
6. Notwithstanding anything to the contrary contained herein, the parties agree as follows: 1. The Reserve
Bank of India, vide Circular dated August 18, 2023 Fair Lending Practice - Penal Charges in Loan
Accounts, issued instructions (RBI Instructions) regarding quantum and levy of Penal Charges on loan
accounts. The RBI Instructions also stipulate that the penalty / penal interest being charged for Loan
Accounts is to be treated as Penal Charges. The RBI Instructions will become effective from the date as
notified by the RBI (Effective Date). 2. On and from the Effective Date - a. The penalty / penal interest
being charged for the Loan(s) / Facility(ies) under and pursuant to this financing document, shall be
treated as penal charges (Penal Charges) b. The Penal Charges for the Loan(s) / Facility(ies) under and
pursuant to this financing document, shall be as published on the Axis Bank website (Home > Other links
> Fees and Charges > Small Business Banking) at the following URL https://www.axisbank.com, under
the head Revised Penal Charged applicable form Effective Date.
7. The facilities now sanctioned will be due for renewal after the end of the expiry period. You are required
to furnish documents and information as may be required by the Bank two months prior to the date of
renewal / review. In case of expiry of working capital limits, Penal Interest @2% per annum on the
outstanding amount of Fund-Based Credit Facilities will be levied.
8. Notwithstanding what is contained elsewhere in the facility document / loan document and / or any other
documents, which have been / will be executed by the Bank and the borrower, borrower is aware of the
fact that the Bank at its sole discretion, without assigning any reason or without prior notice, can cancel
and / or withdraw the unavailed limit as sanctioned by the Bank. The said withdrawal shall not absolve
the borrower of any of its liability to repay the availed amount.
9. The borrower shall pay the charges to the Bank as per the Bank's standard Schedule of Charges for
various services rendered by the Bank. The Bank's Schedule of Charges for various services is
enclosed.
10. The borrower(s) hereby agree(s) and confirms that Axis Bank shall have the absolute right to levy such
charges as it may deem fit including, but not limited to cheque bounce / return and any other penal
charges for the delayed / late payment or otherwise. The borrower(s) agree(s) that in the event of such a
levy, the borrower(s) shall forthwith pay the said amount without demur or protest and that it shall not
object to such levy nor claim waiver of or make a claim or a defense that the same was not brought to
his / her / their notice. The borrower(s) is / are aware of the fact that it is not mandatory for Axis Bank to
inform either in advance or subsequently of the said levy and / or change in the levy or introduction of
such levy. It shall be the responsibility of the borrower(s) to enquire or avail from Axis Bank the details
thereof. Sanction Letter - M K TRADERS Ref No: 40195376.
11. The Bank may at its sole discretion, disclose such information to such institution(s) / bank in connection
with the credit facilities granted to the borrower.
12. The Bank will have the right to examine at all times, the borrower's books of accounts and to have the its
offices / sites / factory (ies) / stocking points inspected from time to time by officer(s) of the bank and / or
qualified auditors and / or technical experts and / or management consultants of the Bank's choice. Cost
of such inspection shall be borne by the borrower.
13. During the currency of the Bank's facilities, the borrower will not without the permission of the Bank in
writing: (a) Effect any change in management structure. (b) Formulate any scheme of amalgamation with
any other borrower / third party or reconstitution any borrower or third party. (c) Invest by way of share
capital in or lend or advance funds to place deposits with any other concerns, except in normal course of
business or as advances to employees. (d) Declare dividends for any year except out of profits relating
to that year after making all due and necessary provisions and provided further that no default had
occurred in any repayment obligations. (e) Grant Loans to Promoters / associates and other companies.
(f) Undertake guarantee obligations on behalf of any other borrower or any third party except in normal
course of its business. (g) Withdraw monies brought in by key promoters / depositors. (h) Make any
drastic change in its management set up.
14. The borrower will keep the Bank informed of the happening of any event, likely to have a substantial
effect on their production, sales, profits, etc., such as labour problem, power cut, etc., and the remedial
steps proposed to be taken by it.
15.
Signature Not Verified
Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
15. The borrower will keep the Bank advised of any circumstances adversely affecting the financial position
of its subsidiaries / sister concerns (if any) including any action, taken by any creditor against any of the
subsidiaries
16. The borrower shall furnish to the Bank, every year, two copies of audited / unaudited financial
statements immediately on being published / signed by the auditors / certified by CA.
17. The borrower shall provide ancillary business wherever possible to the Bank such as CMS, Salary
Accounts, credit card acquisition business, etc.
18. The interest per annum means interest for 365 days irrespective of leap year.
19. The credit facilities shall not be transferred / assigned by the borrower to any other entity without
permission of the Bank. In case there is any transfer / assignment the loan shall be recalled at the sole
discretion of the Bank.
20. Please note that the Bank shall not renew / enhance the limit granted or to be granted to you otherwise
than at the Bank's sole and absolute discretion and in no circumstances the loan amount shall at any
one time exceed in the aggregate with interest thereon and other costs, if any, such limit as the Bank
may, from time to time, decide in respect of each facility or in the aggregate.
21. The Bank reserves the right to discontinue the facility and to withhold / stop any disbursement without
giving any notice in case of non-compliance / breach of any terms and conditions stipulated herein and
from time to time as also in the relevant documents or any information / particulars furnished to us is
found to be incorrect or in case of any development or situations in the opinion of the bank, its interest
will be / is likely to be prejudicially affected by such continuation or disbursement.
22. (a) The Bank reserves the right to revise the spread over Base Rate / G-Sec / LIBOR / MCLR (any other
benchmark rate fixed by the Bank) on the facility. (b) Bank shall have absolute right to decide and apply
the spread over the Repo Rate, Spread shall consist of credit risk premium (which is subject to change
in case there is substantial change in the borrowers credit assessment as agreed in this T&C), operating
costs and other costs. The same will be reset periodically once in three years from the date of
disbursement. (c) The credit risk premium of the borrower shall be reviewed by the Bank at regular
intervals and shall undergo a revision in case of a substantial change in the borrower's credit
assessment.
23. In the event of the borrower committing default in the repayment of term loan installments or payment of
interest on due dates, Axis Bank shall have an unqualified right to disclose the names of the borrower
and its directors to the Reserve Bank of India (RBI). The borrower shall give its consent to Axis Bank
and / or to RBI to publish its name and the names of its directors as defaulters in such manner and
through such medium as Axis Bank in their absolute discretion may think fit. The aforesaid right shall be
available to Axis Bank in addition to and not in derogation of any other rights available under the Loan
Agreement or the General Conditions, as the case may be.
24. The credit facilities granted will be subject to RBI guidelines / Bank's policies from time to time.
25. The loan shall be utilized for the purpose for which it is sanctioned and it should not be utilized for: (a)
Subscription to or purchase of Shares / Debentures (b) Extending loans to subsidiary companies or for
making inter-corporate deposits (c) Any Speculative purposes (d) Investment in capital market (e)
Adjustment / payment of any debt deemed bad or doubtful for recovery.
26. The borrower shall maintain adequate books and records which should correctly reflect their financial
position and operations and it should submit to the Bank at regular intervals such statements as may be
prescribed by the Bank in terms of the RBI / Bank's instructios issued from time to time.
27. The sanction does not vest with the borrower any right to claim any damages against the Bank for any
reason whatsoever.
28. The Bank has a right to cancel / suspend / reduce any of the borrowing / banking facility so granted and
to alter / amend / vary the terms of Bank's sanction including the rate of interest / margin / repayment
period at the Bank's sole discretion without having to assign any reason.
29. ROI and renewal fees shall be applicable at the time of renewal of the facility as per Bank's policy and
shall be communicated at the time of renewal.
30. The facility documents shall also include TOD, if any, given to the borrower with justifiable reasons in the
TOD application. The rate of interest for TOD, if any, shall be 2% over and above the applicable rate.
31. The borrower shall arrange for inspection of the unit by Bank's officials, at its cost, as and when required.
32. The company needs to file necessary charges / modification of charges with the Registrar of Companies
(as applicable) within 30 days of creation / modification of charges and certificate of Registration /
modification of charge shall be submitted for our records.
33. The borrower shall adhere to any other covenants stipulated by the Bank from time to time. Sanction
Letter M K TRADERS Ref No. : 40195376.
34. Any other terms and conditions, which are not specifically covered herein but stipulated in the sanction,
should be strictly complied with.
35. Axis Bank is entitled to add to, delete or modify all or any of the aforesaid terms and conditions.
36. This sanction letter shall remain in force till the validity period mentioned in this sanction letter from date
of sanction. However, the revalidation is subject to and at the sole discretion of the Bank, on application
of the borrower / s.
37. The loan / facility is at sole discretion of the Bank.
38.
Signature Not Verified
Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST
38. For cases where charge was registered with Registrar of Companies for securities proposed with Axis
Bank, borrower will arrange satisfaction of charge post security creation with Axis Bank.
39. CERSAI charges for registration of security interest will be levied as follows, Non refundable charges
levied by Central Registry of Securitization of Asset Reconstruction and Security Interest of India. For
Registration of Individual Security Primary and or Collateral created in favour of Axis Bank i. When
facility amount is equal to INR 5 lacs or lesser, INR 50/- plus GST ii. When facility amount is greater than
INR 5 Lacs, INR 100/- plus GST.
40. Borrower to submit valid copy of insurance of the property, equipment, stock and other assets duly
charged in favour of Axis Bank. Further borrower to ensure that fresh copy of insurance is provided to
the Bank within 7 days before the expiry of insurance policy. In case borrower fails to renew the
insurance on all / any of the property / assets forming part of the security hypothecated / mortgaged /
charged to Axis Bank and provide a copy of renewal policy / policies, it shall be lawful but not obligatory
for Axis Bank to renew the insurance and keep the same insured. Axis Bank may exercise the right (at
its discretion) to debit the premium amount from the existing Cash Credit Account / Overdraft Account in
case Axis Bank is not in receipt of the renewal policy documents. If said accounts do not have sufficient
balance, borrower will be liable to repay all amounts spent or incurred by Axis Bank in doing so, with
interest at the rate applicable for the facility, on demand and till the time it is so paid, such amount will
form part of the secured facility, it is clarified that there is no obligation on Axis Bank and will be its sole
discretion to renew the policy / policies or debit the premium amount from your existing Cash Credit
Account / Overdraft Account .
41. Recovery of Interest / Installment: In event of overdue unserviced interest / installment amount, Bank
reserves the right to recover the overdue amount on or after 6th of the subsequent month from your
linked account under the same Customer ID.
42. Interest to be serviced within 5 days of the interest application even if utilization is with in sanctioned limit
for all products except term loan.
43. In case of working capital facility, Bank at its sole discretion can convert the facility in to Dropline facility
where limit will be reduced at monthly interval or any other frequency if the conduct of the account is
found unsatisfactory. In the event the facility is converted into Dropline facility, the borrower undertakes
to execute appropriate documents as may be required by the Bank. In case such conversion of the
facility to Dropline facility is not acceptable, the borrower may opt for closure of the said facility by
payment of all the outstanding dues in respect of the facility.
44. Penal Interest: 1. Any excess drawing (other than what has been specifically approved in the scheme)
will attract penal rate of 24% p.a. on the overdrawn amount over the drawing power / limit. 2. Any
irregularity on account of non-payment of interest / Installment on due date or Non realization of the bills
on the date of payment will attract penal charge of 2% p.a. on the amount of overdue installment /
interest / charges / unrealized bills purchased / discounted from the date of happening of the regularity /
non-compliance till the date of rectification / regularization as the Bank may deem fit. 3. Non-compliance
with the terms of sanction will attract penal charge of 2% p.a. on the outstanding amount of the facility for
the period of non-compliance.
45. The Fair Practice Code for the Lenders as published on the Axis Bank's Website, shall apply to the
Loan. Copy of the Fair Practice Code for lender is available on the Bank's website. Https://www.axisbank.
com/doc/default-source/ default-document-library/fair-practice-code-for-lenders.pdf.
46. Borrower(s) agree(s) to keep bank account (details of which the Borrower(s) has / have submitted to the
Bank for setting up the Standing Instruction / NACH Mandate to recover the EMI / Instalment)
adequately funded at least one day prior to the repayment / EMI due date. Borrower(s) understand(s)
and agree(s) that if the borrower(s) fail(s) to fund the bank account as aforesaid and the Standing
Instruction / NACH Mandate fails to be honoured on the repayment / EMI due date, Bank shall be at
liberty to levy applicable charges as per the Loan Agreement in addition to the other rights available to
the Bank under this Loan Agreement and applicable law / regulatory guidelines.
47. The Borrower covenants and agrees that, so long as the Loan Obligations are outstanding, and until the
full and final payment of all Loan Obligations to the satisfaction of the Bank, the Borrower shall co-
operate with such auditors as may be appointed by the Bank in case the Facilities or the loan account of
the Borrower is red-flagged by the Bank and/or any other lenders. The Borrower further covenants and
agrees to provide the necessary information and/or documents as may be required by such auditors,
and bear all the expenditure in respect of the same and agrees to indemnify and keep the Bank
indemnified in this regard.

****End of Document****

Signature Not Verified

Signed by : DS AXIS BANK LIMITED 04
Reason : I am digitally signing this document
Location : Mumbai
Date : 2025-04-11 20:12:11 IST