SHRI RAM FINANCE CORPORATION PRIVATE LIMITED

(PERSONAL LOAN AGREEMENT)

SHRI RAM FINANCE CORPORATION PRIVATE LIMITED

BRANCH: Sarni (M.P.)

NAME OF THE BORROWER Nileshraj I.D. No. XXXXXXXX5757

NAME OF THE GUARANTOR Sumit I.D. No. XXXXXXXX7095

REGISTERED OFFICE

RAIPUR ROAD BALODA BAZAR, DISTT. BALODA BAZAR, RAIPUR, CHHATTISGARH, INDIA,
493332

ADMINISTRATIVE OFFICE

29/B-7, Parishram Tower, in front of Doordarshan TV Tower, Shankar Nagar, Raipur, Chhattisgarh
492007

TERM LOAN AGREEMENT

This agreement made at Sarni (M.P.) on this 27th day of Jun-2025 Between Mr./Ms. NILESHRAJ,
S/O SAMMAL SINGH RAJWANSHI, H.N. 23I, WARD N. 23, SANTRAVIDAS COLONY,
PATHAKHEDA, PATHAKHEDA, PATHAKHEDA, BETUL, MADHYA PRADESH, 460449
(hereinafter called Borrowers (which expression shall include their respective heirs, executors,
administrators, representatives, successors and assigns as the case may be of the ONE PART).

AND

M/s. SHRI RAM FINANCE CORPORATION PRIVATE LIMITED ( CIN No.

U65100CT2004PTC016590) Non-Banking Finance company, incorporated under the Companies
Act, 1956 and having its registered office at Raipur Road Baloda Bazar, Distt. Baloda Bazar,
Raipur, Chhattisgarh, India, 493332. And having its Branch office at Hereinafter called SRFCPL
(which expression shall wherever the context so admits be deemed to include its successors and
assigns of the OTHER PART)

(I) Amount Of Loan

By Letter of Sanction No. dated and subsequent modification letters by SRFCPL (hereinafter
referred to as "The Sanction Letter/s") the Borrower has been sanctioned inter alia by SRFCPL, the
Term Loan of a maximum amount of Rs. 400000.00 (FOUR LAKH only) (hereinafter referred to as
"the said Term Loan") on the terms and conditions set out herein and such other conditions as may
be stipulated by SRFCPL from time to time and more particularly described in the Schedule
hereunder written. The said term Loan, has been, sanctioned by SRFCPL on the basis of the
Borrower's Application/ Proposal Form and the subsequent correspondence with SRFCPL
(hereinafter called/collectively referred to as "the Borrower's Proposals") and the Sanction Letter's
read with the Borrower's Proposals shall be deemed to constitute to the basis of this Agreement
and of the credit facilities as hereinafter stated, the Borrower hereby warrants the correctness of
each and every statement and particulars therein contained and undertakes to carry out the
Borrower's proposals therein set forth.

Borrower/s Signatory

(II) Security

1. The Borrower shall secure to the satisfaction of SRFCPL, the said Term Loan together with
interest, compound interest and /or additional interest in case of default, liquidated damages,
costs, charges, expenses and all other money payable by the Borrower to SRFCPL as
stipulated in the Sanction Letter or as may be additionally required by SRFCPL from time to
time.
2. "Where SRFCPL in its sole discretion, during the subsistence of this Agreement, is of the
opinion that the security (ies) provided by the Borrowers has have become
inadequate/insufficient to cover the Term Loan and/or outstanding and/or other dues, the
Borrower shall, on demand, provide and furnish to SRFCPL such additional/alternate
security (ies), as maybe acceptable to SRFCPL The Borrower shall execute all documents
deemed necessary by SRFCPL for the same."
3. So long as any money remains due and outstanding to SRFCPL, the Borrower undertakes to
notify SRFCPL in writing of all its acquisition of immovable properties and as soon as
practicable thereafter shall make out a marketable title to the satisfaction of SRFCPL and
charge the same in favor of SRFCPL BY WAY OF FIRST CHARGE IN SUCH FORM AND
MANNER AS MAY BE DECIDED BY SRFCPL.
4. The Borrower further agrees to obtain solvent Guarantors to the satisfaction of SRFCPL to
Guarantee the due repayment by the Borrower of the said Term Loan and / or balance
outstanding from time to time thereon and further agrees to procure the execution by the
said guarantors or guarantee deeds (in the form prescribed by SRFCPL in this behalf ) in
favor of SRFCPL and / or secured by way of registered or equitable mortgage of the
Guarantors immovable property to secure the guarantee to be undertaken by the
Guarantors.
5. SRFCPL shall have the right to decide, in its sole discretion, the type and manner and the
timing of creation of mortgage (if the security to be created in favor of SRFCPL as set out in
Paragraph 1 of Security Clause (Security for the loan) above is to be created in the form of a
mortgage) or any other form of security and/ or additional security to be created by the
Borrower for securing the Term loan and all other amounts as aforesaid and the Borrower is
bound to create such security and shall duly execute documents evidencing the same as
may be required by SRFCPL. Further, the Borrower shall also make such filings and present
the security and other requisite and documents for registration, including with the applicable
Registrar or Sub-Registrar of Assurances, as SRFCPL may require in its sole discretion, for
the creation and perfection of the security of be thus created.
6. The Borrower shall execute any bond(s) or promissory notes for the Loan and all such other
documents, undertaking, indemnity, cheques, powers of attorney and agreements as may be
required by SRFCPL.
7. All security furnished by the Borrower to SRFCPL in connection with the Term loan shall
remain continuing security with SRFCPL binding upon the Borrower and such security (a)
shall not be discharged by any intermediate payment made by the Borrower (s) with respect
to the Term Loan;(b) shall be in addition to and not in derogation of any other security which
SRFCPL may at any time hold in respect of the Borrowers dues; (C) shall not be discharged
by any prepayment, re- schedulement etc. and/or variance in the repayment schedule of the
present term loan; (d) shall not be discharged on account of the termination/determination of
the present agreement or recalling of the Term Loan; and (e) shall be available to SRFCPL
until all accounts between SRFCPL and the Borrower in respect of the Term Loan are
ultimately settled and the statement of accounts of the Borrower maintained by SRFCPL in
its ususal course of business shows a zero balance.

(III) CONDITIONS PRECEDENT TO DISBUSEMENT OF THE SAID TERM LOAN

(A) OBLIGATION OF SRFCPL TO MAKE ANY DISBURSEMENT UNDER THIS AGREEMENT
SHALL BE SUBJECT TO THE CODITION THAT:

a. Extra-Ordinary Circumstances
No extra-ordinary or other circumstances shall have occurred which may make it improbable
for the Borrower to fulfill his/her obligation under this agreement.
b. Utilization of disbursement
The Borrower shall have Satisfied SRFCPL at the time of requesting for a disbursement that
the same is required for the purpose as represented by the Borrower and considered by
SRFCPL and the Borrower shall produce evidence satisfactory to SRFCPL of the proposed
utilization of the proceeds of disbursement of the said Term Loan. The Borrower shall have
satisfied SRFCPL about the utilization of the proceeds of any disbursements.
c. Utilization of borrower's Contribution
The Borrower has utilized his own contribution (i.e. the margin money) for a part of the
finance for the business requirements, as represented in the Borrower's proposals and
considered by SRFCPL for the purpose of financial assistance.
d. Additional Security
In the event of the security furnished by the Borrowers is found to be insufficient/ incorrect in
value, the Borrower shall be directed to furnish additional security as may be required by
SRFCPL. Notwithstanding the above, in the event the security furnished by the Borrower is
subsequently found to be inferior value to that as by the Borrower in the Borrower's
Proposals, the loan may be recalled/repayment of the loan may be accelerated by SRFCPL
with immediate effect.

(B) THE BORROWER SHALL MAKE DELIVERY OF THE FOLLOWING ITEMS,

SATISFACTORY IN FORM AND SUBSTANCE TO SRFCPL:

a. Evidence of the actual existence of the Borrower

b. The power of the Borrower to avail of the Term Loan and to create security (including
obtaining of prior permission of the assessing officer under Section 281 of the income tax
Act,1961 for creating charge/mortgage over the Property) in favour of SRFCPL.
c. Evidence that all consents, approvals, sanctions, clearances, resolutions and permission
required for availing of the loan and /or creation of security have been obtained or evidence
 as may be required under the applicable law to the satisfaction of SRFCPL, have been
obtained and furnished to SRFCPL
d. The Security documents and Guarantee (s)
e. Evidence that the Borrower/Owner/ Guarantor has a clear and marketable title of all
encumbrances to the Property or to the land on which the Property is situated, capable of
being mortgaged in favor of SRFCPL and in case property is under construction, evidence of
a valid agreement for Sale executed and Allotment Letter issued by the builder/ developer of
the Property. Borrower shall arrange to provide structure certificate from renowned approved
civil EngineerNaluer.
f. Borrower shall ensure that there should be no statutory tax outstanding on the said property.
g. The Borrower shall have made out a good and marketable title free from encumbrances to
its properties to the satisfaction of SRFCPL
h. The borrower shall furnish security as stipulated in the Sanction letter.

(IV) REPAYMENT AND INTERNEST

1. The Borrower hereby agrees and declares the loan shall be repaid on demand / within a
period as specified in schedule attached with this agreement, at the discretion of SRFCPL. If
for any reason the amount of the loan finally disbursed by SRFCPL is less than the amount
of the loan sanctioned, the installments(s) of repayment will be reduced proportion
proportionately but will be payable on the due dates specified herein above.
2. The rate of interest is as stated in the loan sanction letter and Schedule of this Agreement
and the Borrower shall be liable to pay the same from the date of disbursement of the loan.
The rate of interest stipulated in Schedule shall remain fixed during the term of loan facility.
SRFCPL Shall however, at its discretion, be entitled to revise from time to time, upward or
downward, the rate of interest applicable for the loan during the subsistence of the
Agreement. Such variation(s) would be subject to the terms of sanction letter and would be
subject to the terms of sanction letter and would be intimated to Borrower/s and binding upon
the Borrower/s.
3. The Borrower shall be liable to pay to SRFCPL Non-refundable, non-adjustable processing
charges as may be levied by SRFCPL At the time of and together with the application for
loan as mentioned in the loan sanction letter.
a. The repayment of the installments shall be made by the Borrower. The details such as
installment no., due dates and amount in respect of the installments are described in
the Schedule-II of this Agreement. The repayment Schedule is without prejudice to the
right of SRFCPL to be paid on demand as contemplated under this Agreement, the
entire Loan amount with other dues. Further the computation/ fixation of the
installment will be without prejudice to the right of the SRFCPL To recompute the
amount of installments and interest, including in case it is discovered at any stage that
the installments have been computed wrongly.
b. The Borrower agrees that time is essences of the contract;
c. No Notice, reminder or intimation will be given to the Borrower regarding this
obligation to pay the installment regularly on the due dates or presentation of NACH or
insurance premium amount. It shall entirely be the responsibility of the Borrower to
ensure prompt and regular repayment of the same.
 d. Without prejudice to any other rights and remedies which the SRFCPL May have
under this agreement and the/or under the prevalent law, in the event of any delay by
the Borrower in any payment to SRFCPL Under this agreement SRFCPL Shall be
entitled to charge a delayed payment as defined in the sanction letter of the loan
agreement. That Is Effective Rate charged and payable on a monthly basis
compounded on monthly rests for and during period of such arrears, whether of loan,
interest or any other charges payable therein.
e. Any dispute raised about the amount due or interest computation will not entitle the
Borrower(s) to withhold payment of any installment.
f. Subject to the terms and conditions stipulated hereunder, the repayment shall be by
way of claques, or by NACH or in cash or by demand draft or any other accepted
modes or transfer of funds permitted under the Indian Banking System to SRFCPL AS
PER Schedule-II. The Borrower acknowledges that strict compliance by him/her with
the repayment schedule is an essential condition for the grant of the Loan.
g. It is agreed and understood by the Borrower that non-presentation of cheques by
SRFCPL Due to any reason whatsoever will not affect liability of the Borrower to repay
the Loan. SRFCPL Shall not in any way be responsible for delay, omission or neglect
in encashment, damage or loss of any cheques (already given or to be given by the
Borrower SRFCPL In terms hereof) for any reason whatsoever.
h. without prejudice to any other rights and remedies SRFCPL May have under this
Agreement and/or under the prevalent law, the Borrower shall be liable to pay all
charges as stated in the sanction setter, which forms part of this Agreement. The
quantum or the levy of charges upon dishonoring of cheque is without prejudice to the
other rights which the SRFCPL May have under the negotiable instruments act,
1881/Payment and Settlement Systems Act 2007 or any other enactment as in force
for the times being and without prejudice to the other rights which the SRFCPL May
have under this agreement or under law of equity. SRFCPL Reserves the right to vary
the charges stipulated in the sanction setter from time to time with due intimation to
the Borrower.
i. SRFCPL Shall be entitled to, if SRFCPL Deems fit in the circumstances, alter or re-
schedule the installments in such manner and to such extent as SRFCPL May, in its
sole discretion, decide with due notice to the Borrower and upon getting this consent
in writing, the repayment shall be made by the Borrower as per the said alteration
and/or rescheduling from the date on which the installments are altered/restructured,
notwithstanding anything stated in Schedule-II.
j. On a request being made by the Borrower to SRFCPL For transfer of his/her account
to any other party either existing or new, it is purely discretionary on the part of
SRFCPL To consent or reject the said request. SRFCPL Further agree to
communicate his/her decision on such request to the Borrower within 21 days from the
date of receipt of such request.
4. The Borrower's may repay / pay the installments and other monies in respect of the facility
through any one of the following modes-cheques/ the National Automated Clearing House
Method (Debit Clearing) al notified by the RBI ("NACH method") / direct debit from the
Borrower's bank account ("Direct Debit method") / by deduction from the Borrower/s' current
account by directly paying amounts when due to SRFCPL ("Direct Payment method") / by
deduction from the Borrower/s or as may be required by SRFCPL May, in its sole discretion
 require the Borrower/s to adopt or switch to any alternate of mode of payment and the
Borrower's shall comply with such request, without demur or delay. The method for payment
as rejected by the Borrower's or the mandates given by the Borrower/s under any payment
mode cannot be cancelled or revoked by the Borrower/s without prior consent of SRFCPL If
the Borrower/s cancels or revokes ( or attempts to cancel or revoke) such mandates without
the prior consent of SRFCPL Such acts PVT. LTD. Of the Borrower's shall be deemed to
have been committed with a criminal intent to cause wrongful loss to SRFCPL And SRFCPL
Shall be entitled to initiate appropriate criminal proceedings against the Borrower/s, without
prejudice to SRFCPL Other rights and remedies under law. Without prejudice to the
SRFCPL Rights under the provisions of the Negotiable instruments Act, 1881, the
Borrower/s shall pay cheque-dishonor charges and missed payment charges to SRFCPL As
specified in the Application form(s) for first and subsequent re presentation.
5. The Borrower/s shall at all times maintain sufficient funds in his/her/their bank account/s to
ensure that the monthly installments and other monies in respect of the Term loan are
received/realized by SRFCPL
6. if the Borrower commits a breach of any of its obligations herein then the same shall be
treated as an event of default in terms of Article IX (Event of Default).
7. The Borrower shall pay in full the monthly installments and all other amounts as specified
above without any demur, protest or default and without claiming any set-off or counterclaim
on the respective dates on which the same are due or otherwise. No notice, reminder or
intimation shall be given to the Borrower regarding his obligation to pay the monthly
installments regularly on the due dates. The Borrower shall ensure prompt and regular
payment of monthly installments including interest and all other amounts payable by the
Borrower to SRFCPL On the dates and in manner herein provided. Without prejudice to
SRFCPL Other rights, in case of any delay in payment of monthly installments or non-
payment of any amount within the due date thereof, SRFCPL Shall charge the Borrower on
loan outstanding, additional Flat Rate Of Interest as defined in the sanction letter Effective
Rate or such other rate as per the policy of SRFCPL In force from time to time, above the
prevailing interest rate charged on the Term Loan, from time to time. Such additional interest
shall be charged/ debited to the Borrower's term Loan account on the specific dates thereof
and shall be deemed to form part of the outstanding Loan. Such interest and other amount
shall accordingly attract interest at the same rate as charged on the Loan in terms of this
Agreement until payment thereof to SRFCPL-To-SRFCPL Satisfaction.

(V) REPRESENTATIONS AND WARRANTIES

The Borrower represents and warrants that:-

1. The Borrower and its Directors / Partners have the necessary powers to enter into this
Agreements and the Borrowing of this Term loan is within the permissible limits.
2. The Borrower's undertaking is at present managed by the Board of Directors/ Partners and
the Borrower shall not affect any change in the same without prior written consent of
SRFCPL
3. The Borrower states and confirms that its borrowings confirm to Sec. 180 (1) (C) of the
Companies Act, 2013 where applicable.
4. The borrower shall not induct a person who is director on the Board of company, which has
been identified as a willful defaulter and that in case, such a person is found to be on the
 Board, the Borrower shall take expeditious and effective steps for his removal from the
Board.
5. It is a company duly incorporated under the Companies Act, 1956/Companies Act, 2013 and
nothing in this Agreement conflicts with the memorandum or articles of the Borrower(S), is a
corporate body duly incorporated under its constituting law and nothing in this Agreement
conflicts with the constituting or incorporating documents of the Borrower(s) or is a
partnership firm duly constituted in accordance with the Indian Partnership Act, 1932 and
nothing in this Agreement conflicts with the deed of partnership or / are individuals
competent to contract under the Indian Contract Act, 1872;

(VI) CONDITIONS AND TERMS TO BE OBSERVED BY THE BORROWER DURING THE

CURRENCY OF THE LOAN

1. The Borrower shall use the amount of the Loan for the purpose or purposes specified in the
said Sanction Letter and/or in the Borrower's Proposals only, not for any other purpose or
purposes whatsoever. In case of any doubt or dispute regarding the same, the decision of
SRFCPL shall be final and conclusively binding on the Borrower.
A. Notwithstanding anything contained herein, the Borrower hereby agrees and covenants
that SRFCPL may, by notice in writing, call upon the Borrower forthwith to:
a. Repay the entire balance amount of the whole of the principal money together
with interest, compound interest, delayed payment interest/penal interest, and all
other sums due, payable, outstanding, or in arrears notwithstanding the period or
schedule of repayment.
b. Suspend further access/drawls by the Borrower to the use of Tenure loan.
c. Declare the security created, if any, to be enforceable, if any of the following
events have happened or occurred:
i. If any installment of the principal money remains unpaid upon the due date
for payment thereof.
ii. If any interest remains unpaid and in arrears for a period of 10 days after
the same shall have become due, whether demanded or not.
iii. If the Borrower commits any breach or default in the performance or
observance of this Agreement and/or the Borrower's proposals and/or the
security documents or any other terms or conditions relating to the loan.
iv. If default shall have occurred in any other covenants, conditions, or
agreements on the part of the borrower under this agreement or any other
agreement between the Borrower and SRFCPL, and such default shall
have continued for a period of fifteen days after notice in writing thereof
shall have been given to the Borrower by SRFCPL.
v. If the Borrower enters into any arrangements or composition with its
creditors or commits any act of insolvency; if execution or distress be
enforced or levied against the whole or any part of the Borrower's property.
vi. If the Borrower goes into liquidation (except for the purpose of
amalgamation or reconstruction).
 vii. If a receiver is appointed in respect of the whole or any part of the property
of the Borrower; ceases or threatens to cease, to carry on its business.
viii. If any circumstance occurs which is prejudicial to or imperils or depreciates
or is likely to prejudicially or adversely affect in any manner the capacity of
the Borrower to repay the said Term Loan.
ix. If any Borrower commits any breach or default of any of the undertakings
given by it to SRFCPL or fails to comply within a reasonable time after
being called upon to do so with any of the requisitions of SRFCPL in that
behalf.
x. If any circumstance occurs which is prejudicial to or impairs, imperils or
depreciates or is likely to prejudicially or adversely affect in any manner the
capacity of the Borrower to repay the said Term Loan.
The Borrower agrees that the decision of SRFCPL as to whether any of the
aforementioned events or circumstances has occurred shall be final, conclusive,
and binding on the Borrower, thus entitling SRFCPL to file proceedings in the
appropriate Tribunal/Court for adequate reliefs.
B. SRFCPL may suspend or even terminate further access by the borrower to the use of
the said term loan:
a. Upon failure of the Borrower to carry out all or any of the terms and conditions
included in this agreement.
b. If the Borrower shall take or permit to be taken any action or proceedings whereby
any of its property shall or may be assigned or in any manner transferred or
delivered to any Receiver, assignee, liquidator, or other person whether appointed
by the Borrower or by any Court of Law, whereby such property shall or may be
distributed amongst the Creditors of the Borrower.
c. If any change in the Borrower's set up has taken place which in the opinion of
SRFCPL (which will be final and binding on the Borrower) would adversely affect
the conduct of the Borrower's business or the Borrower's financial conditions or
the efficiency of the borrower's management and/or personnel or the carrying out
of the said project.
d. If any extraordinary situation shall make it improbable that the Borrower will be
able to perform its obligations under this agreement.
C. The right of the Borrower to make withdrawals from the loan shall continue to be
suspended until the event which gave rise to such suspension shall have ceased to exist
to the satisfaction of SRFCPL or until SRFCPL shall have notified the Borrower that the
right to make withdrawals has been restored, whichever is earlier.
2. The Borrower hereby agrees to pay to SRFCPL all out-of-pocket expenses and other
incidental and ancillary expenses, including legal advisers' fees incurred or suffered by
SRFCPL in connection with the negotiation, execution, or carrying into effect or enforcing all
or any of the rights arising out of and incidental to this agreement or in relation to the
investigation of title of the Borrower's lands, buildings, etc. The execution of the loan
agreement and other documents and completion of attendant formalities and to assert or to
defend the rights of SRFCPL under this agreement and/or other documents or otherwise.
3. The Borrower shall keep proper books of account of its business, and the Borrower shall
permit SRFCPL or any person appointed for that purpose by it to examine such books at all
 reasonable times and make such copies of or extracts therefrom as SRFCPL may think fit.
The Borrower shall also have its accounts audited at least once a year by a duly qualified
Auditor or Chartered Accountant and shall submit a copy of the audited accounts to SRFCPL
within six months from the closing of each yearly account.
4. The Borrower recognizes the right of SRFCPL to share information regarding his/her/their
account/s with banks/institutions and/or any statutory body. Authority in the normal course of
business. This also includes the right to share information on the financial affairs for the
account with any other Banks/institutions from whom the Borrower/s has/have availed/intend
to avail any kind of facility - financial or otherwise. The Borrower/s also recognize/s the right
of SRFCPL to demand and receive similar information from other bank/s with whom
he/she/they deal/s.
5. All the agreements, terms, and conditions contained in the Sanction Letter of SRFCPL
addressed to the Borrower and not specifically set out herein shall be deemed to be part of
this agreement as if they were incorporated and formed part of this Agreement and shall be
duly paid, observed, and performed by the Borrower.

(VII) ASSIGNMENT

The Borrower expressly recognizes and accepts that SRFCPL Shall, without reference to or
intimation to the Borrower/s Owner/Guarantor, be absolutely entitled and have full power and
authority, to sell and/ or assign to any third party or person as SRFCPL May decide the said
facilities and all outstanding due to SRFCPL Under this agreement in any manner in whole or in
part and on such terms as SRFCPL Decide including reserving to SRFCPL The power to proceed
against the Borrower/Guarantor. However, the Borrower shall not have a right to assign any
benefits arising under this agreement to any other person whatsoever.

(VIII) WAIVER

No delay in exercising or omission to exercise any right, power or remedy accruing to SRFCPL
Upon any default this agreement, mortgage or any other agreement or document shall impair any
such right, power or remedy nor shall it be construed to be a waiver thereof any acquiescence in
such default; not shall the action or inaction of SRFCPL In respect of any default or any
acquiescence in any default, affect or impair any right, power or remedy of SRFCPL In respect of
any other default.

(IX) INDEMINFICATION

The Borrower undertakes to indemnify and deep SRFCPL And its officers/employees/ directors
fully indemnified and harmless from and against all the consequences of breach of any of the
terms, conditions, statements, undertakings, representations and warranties of this agreement as
also of any of its representations or warranties not being found to be true at any point of time,
including any actions suits claims, proceedings, damages, liabilities, losses, expenses or costs
(Hereinafter referred to as Claims") faced, suffered, or incurred by SRFCPL The Borrower hereby
accepts and acknowledges have clearly agreeing and understanding that this indemnity would
cover all acts and omissions on the part of the warranties and / or representations of the Borrower.
Similarly in the event of any claims being made on SRFCPL on account of any breach of warranty,
representations noncompliance of any applicable law, unauthorized act, fraud, deed or thin done or
omitted to be done or undertaking made by the Borrower or its employees, agents, being false, the
Borrower undertakes to pay on first demand made by SRFCPL of any amount on this account
without any demur, reservation, contest, protest whatsoever within 7 working days of the demand
being made.

(X) APPROPRIATION OF PAYMENTS

Unless otherwise agreed to by SRFCPL any payment due and payable under this agreement and
made by the Borrower will be appropriated towards such dues in the order, namely:

a. Costs, charges, expenses, incidental charges and other money that may have been incurred
by SRFCPL in connection with the recovery;
b. Delayed payment interest/additional interest and/or liquidated damages on defaulted
amount;
c. Prepayment Charge and fees;
d. Equated monthly installment (EMI);
e. Principal amount of the said term loan.
f. Cheque bounce/dishonor charges and bank charges
g. Repayment of dues under any other contracts with SRFCPL irrespective of the capacity
either as borrower or guarantor under the said contracts.

(XI) SERVICE OF NOTICE

A certificate / notice whether transmitted physically or electronically, including but not limited to
emails, WhatsApp , Text Message, or registered mail, stating the amount at any particular time due
shall be considered as conclusive evidence of receipt by the receiving party. Such notice shall be
deemed effective upon dispatch, unless otherwise stipulated within this agreement

(XII) MISCELLANEOUS

1. Credit Information The Borrower also agrees that:

1. Any letter or statement exchanged between the parties herein with reference to this
agreement shall be treated as part and parcel of this agreement.
2. Amendments No modification or amendments or alteration or rescheduling of the
installment as provide under Clause 2(2.8) herein and no waiver of any of the terms or
conditions hereof shall be valid or binding unless made in writing and duly executed by
"SRFCPL" and the Borrower or as specifically provided herein.
3. Cumulative Rights All remedies of "SRFCPL" under this Agreement whether provided
herein or conferred by statute, civil law, common law, custom, trade are cumulative and not
alternative and may be enforced successively or concurrently.
4. Benefit of the loan Agreement The Loan Agreement shall be binding upon and inure to the
benefit of each party thereto and its successors or heirs, administrators, as the case may be.
5. Any delay in exercising or omission to exercise any right, power or remedy accruing to
"SRFCPL" under this agreement or any other agreement or document shall impair any such
right, power or remedy and shall not be construed to be a waiver thereof or any
acquiescence in any default, nor shall the action or inaction of "SRFCPL" in respect of any
default or any acquiescence in any default, affect or impair any right, power or remedy of
 "SRFCPL" in respect of any other default
6. The Borrower's and the Guarantor's liability under this Agreement shall be joint and several.
7. Borrower and/or Guarantor hereby agrees and gives consent for, the physical copy of self-
attested Aadhaar card/physical e-Aadhaar / masked Aadhaar / offline electronic Aadhaar xml
as issued by UIDAI (Aadhaar), to SRFCPL for the purpose of establishing my identity /
address proof, to fulfil Company's KYC requirements. I have redacted /blacked-out my
Aadhaar number on the Aadhaar copy which is being shared with the Company.
8. "In the event of electronic execution of this loan agreement, both parties acknowledge and
agree that the provisions of the Information Technology Act, 2000, along with any
amendments made therein, shall apply to determine the validity, enforceability, and
interpretation of this agreement, including all aspects related to electronic transactions,
communication, and documentation."

(XIII) ARBITRATION

a. All disputes, differences, and / or claim arising out of or in connection with this agreement
whether during its subsistence or thereafter shall be settled by arbitration in accordance with
the provision of the Arbitration and conciliation Act. 1996, or any statutory amendments
thereof and shall be referred to the sole arbitrator nominated by "SRFCPL" The award given
by such an arbitrator shall be final and binding on the parties to this Agreement. In the event
of incapacity or resignation or death of sole arbitrator so appointed, "SRFCPL" shall be
entitled to appoint another arbitrator in place of the earlier arbitrator, and the proceedings
shall continue from the stage at which the predecessor had left. Such a person shall be
entitled to proceed with the reference from the stage at which it was left his predecessor.
b. The venue of arbitration proceeding shall be with in the territory of state of Chhattisgarh or as
the place may be decided by SRFCPL and The language of arbitration shall be English or
Hindi as decided by the SRFCPL.
c. The arbitrator so appointed herein above, shall also be entitled to pass an Award on the
hypothecated asset and also on any other securities furnished by or on behalf of the
Borrower

(XIV) SECURITISATION

The Borrower and the Guarantor expressly recognizes and accepts that "SRFCPL" be absolutely
entitled and has full power and authority to sell, assign or transfer in any manner, in whole or in
part, and in such manner and on such terms as "SRFCPL" may decide, including reserving a right
to "SRFCPL" to retain his power hereunder to proceed against the Borrower and the Guarantor on
behalf of the purchaser, assignee or transferee, any or all outstanding and dues of the Borrower
and the Guarantor to any third party of "SRFCPL" choice without reference to or; without written
intimation to the Borrower and the Guarantor. Any action and any such sale, assignment or transfer
shall bind the Borrower and the guarantor to accept such third party as creditor as exclusively or as
a joint creditor with "SRFCPL" or as creditor with the right to "SRFCPL" to continue to exercise all
powers hereunder on behalf of such third party and to pay over such outstanding and dues to such
third party and or to "SRFCPL" as "SRFCPL" may direct the Borrower and the Guarantor
acknowledges and undertakes to pay to third parties the difference between the loan amount
outstanding and the amount received by "SRFCPL" in the event of transfer of the portfolio to a third
party. The third party shall have authority to collect the due amounts from the Borrower(s) and the
Guarantor(s).
 Shri Ram Finance Corporation Private Limited

Corporate Office : Shankar Nagar Raipur Chhattisgarh 492001

CIN-U60232CT2004PTC016590

Sanction Letter

Date : 27-06-2025

To,

Mr./Ms. Nileshraj

Residence Address :- H.N. 23I, WARD N. 23, SANTRAVIDAS COLONY, PATHAKHEDA,

PATHAKHEDA, PATHAKHEDA, BETUL, MADHYA PRADESH, 460449

Organization Name :- Ministry of Power

Department Name :- Department of Power

Office Address :- MPPGCL sarni betul

Designation :- PLANT ASSISTANT (ELECTRICAL)

Dear Sir/ Madam,

Sub: With reference to your application for loan dated 27/06/2025
With reference to your request for loan of Rs. 400000 we are pleased to inform you that our
Competent Authority has sanctioned loan as detailed here under subject to periodical review at the
Companys discretion as and when required.

(In Rs.)

Nature of Existing Sanctioned Tenure

IRR
Loan loan,if any loan (Months)
26.53% IRR i.e reducing
Term Loan No 400000 60
balance rate fixed

A. Penal Charge/Month - 4% monthly rate charge on daily bases.

B. Nach Cheque Bounce Charges - Rs 400 Plus GST @18%

C. Recovery Charges - Rs 500 Plus GST @18%

D. Document Charges - Rs 14000 Plus GST @18%

E. Insurance Amount - Rs. 0

F. Annualize IRR - 26.53 % IRR i.e reducing balance rate fixed

G. Loan Protector - Rs. 12000

H. Telephonic Charges - Rs.50 Plus GST@18%

I. Moratorium Interest - Rs. 0

AS per Quantum of stock in the shop and the insurance charge charged by the insurance agency

Foreclosure Charges:

Closure Charges:- FOR SME / PERSONAL LOAN

(A.)If pre-closure of loan on or before 12 Months -(UPTO 14 Months Interest).

(B.)If pre-closure of loan after 12 Months-(2 Month Extra interest).

Loan amount exclusive of life Insurance of Borrower as charged by Insurance agency

This loan will be secured by :

Primary Security :-(Stock)

Type Of Security Description Of Security

Above loan will be collaterally secured by: Valid Mortgage of following property -

Description of the Property Distress Value (in Rs.)

Guarantee : Above loan will be personally guaranteed by - Sumit

Co-Borrower:-

Name of Co-
Address & contact details :
Borrower:
D / O : Sammal Singh Rajwanshi , house no.239 , WARD no-23 , sant
Mr./Ms. Keshar
RAVIDAS colony , patakheda SARNI , Pathakheda , Betul , Madhya Pradesh ,
Raj
460449, 9644703798

Guarantor:-

Name of
Address & contact details :
Guarantor
C / O : MUNLAL, C / O : Munlal , Gubrel , Betul , Madhya Pradesh -
Mr./Ms. Sumit
460663, 9171131208
Repayment of Term Loan :

Above loan will be repaid in monthly installments commencing as mention in IRR:

1st EMI of Rs. 12640 Will Be Deducted Starting From 05/08/2025

Other Terms and Conditions governing the loan against stock/property as mentioned above are
detailed as follows:

Terms & conditions:

1. Interest will be charged at Flat 26.53 % IRR i.e reducing balance rate fixed
2. Installments should be paid on time otherwise penal charges will be levied.
3. Pre closer charges as applicable.
4. All other charges are applicable as mutually agreed upon.
5. Advances should not be used for purpose other than which it is sanctioned.
6. All the documents should be properly executed and stamped.
7. On default in repayment of loan installments, Company has a right to recover its dues by
initiating legal action including disposing off property mortgaged independently or stock under
any other arrangement Company enters with other Financial Institutions / Recovery Agencies.
8. Arbitration clause as below is applicable in case of any dispute arises between the borrower
(s)/ guarantor(s) and Company.
9. Any other terms and condition the company can add from time to time as per its guidelines.
10. Other terms & conditions as per Annex - I

ARBITRATION CLAUSE : The Borrower and Guarantor agree and confirm that :-

1. All disputes, difference and rights or claims arising out of this agreement whether during its
subsistence or thereafter shall be settled by arbitration with the provisions of the Arbitration and
Conciliation Act, 1996 or any statutory amendments thereof and shall be referred to the sole
arbitrator nominated and appointed by “Shri Ram Finance Corporation Private Limited”. The
award given by such an arbitrator shall be final and binding on all parties to this agreement.
2. In the event of such an arbitrator to whom the matter has been so referred, dying or becoming
incapacitated due to health problems both mental and or physical or does not pass the award
within the reasonable period, “Shri Ram Finance Corporation Private Limited” shall appoint a
new person to act as an arbitrator. Such person shall be entitled to proceed with the reference
from the stage at which it was left by his/her predecessor.
3. The venue of arbitration proceedings shall be Raipur and the language of arbitration
proceedings shall be in English/Hindi language.

This sanction advice is Sanction letter is digitally signed and taken as acceptance of terms &
conditions of aforesaid loan

For Shri Ram Finance Corporation Private Limited

Branch Manager : SANDEEP RAIKWAR

All terms & Conditions accepted:

Borrower Name : Nileshraj

Co-Borrower Name : Keshar Raj

Guarantor Name : Sumit

Other terms & conditions :

If the borrower does not start drawing down sanctioned funds from Term Loan within
seven 1 days from sanction date of communication of sanction, then Company shall
1
have the right to take any action including cancellation of Term Loan and recovery of
charges of processing and other charges at the sole discretion of the Company.
The borrower should submit confirmation for end use of funds within seven days from
2
the date of disbursement of loan.
The borrower shall fulfill standard covenants as per below. In case of need necessary
3 amendment/addition/deletion in the standard covenants may be permitted by the
company.
Borrower to arrange for periodical Inspection of the unit at regular intervals as per
4
extant guidelines of our company.
All inspection /audit charges, documentation/ legal charges etc. in connection with the
5
credit facility to be borne by the borrower.
The borrower should display a board in a prominent place of business premises
6 indicating that the assets/stocks are hypothecated to Shri Ram Finance Corporation
Private Limited.
Company shall have the right to down assign / sell their loans to any other bank /
7
financial institutions operating in India.
Borrower(s)and/or Guarantor(s) should give their consent for disclosure of credit
8 information to CIBIL/RBI in terms of directions issued by RBI or any other regulators
from time to time.
The Borrower(s) should undertake that they should not induct a person into business,
who has been identified as a willful defaulter and that in case, such person is found to
9 be in the business of the borrower, the Borrower would take expeditious and effective
steps for removal of the person from its business. The undertaking should be submitted
by way of separate letter by borrower.
 LETTER OF GUARANTEE

This Guarantee made at Sarni (M.P.) on this 27th day of Jun-2025 is given by Sumit, C / O :
Munlal, C / O : MUNLAL, C / O : Munlal , Gubrel , Betul , Madhya Pradesh - 460663
(thereinafter referred to as the “Guarantors(s)” which express shall, unless repugnant to the context
or meaning thereof, mean and include his/her heirs, representatives in interest, executors,
administrators, successors and permitted assigns) in favor of M/s. Shri ram Finance Corporation
Private Limited (CIN No. U65100CT2004PTC016590) a non-banking finance company incorporate
under Companies Act 1956 having its registered office at Raipur Road, Balodabazar - 493332,
Distt. - Balodabazar (C.G.) (Hereinafter referred to as “SRFC” which expression shall unless
repugnant to the context or, meaning thereof, mean and include the successors and assigns).

AND WHEREAS the Guarantor(s) has/have requested SFRC to extend hypothecation Loan facility
to Nileshraj H.N. 23I, WARD N. 23, SANTRAVIDAS COLONY, PATHAKHEDA, PATHAKHEDA,
PATHAKHEDA, BETUL, MADHYA PRADESH, 460449 (Hereinafter referred to as the Borrower(s)
and has/have undertaken to guarantee the due performance and observance by the Borrower (s)
of all the terms and conditions of the loan cum Hypothecation Agreement).

AND WHEREAS relying upon the undertaking and assurances provided by the Guarantor
hereunder and the undertakings and assurance provided by the Borrower, SRFC has under and
pursuant to the Loan cum Hypothecation Agreement dated 27/06/2025 15:09 against Engine No.
and Chassis No. entered into between the Borrower and SRFC agreed to extend Hypothecation
loan facility to the Borrower in respect of the asset more fully described under the Loan cum
Hypothecation Agreement upon the terms and conditions mentioned therein and this Guarantee.

NOW THIS GUARANTEE WITNESSETH AS FOLLOWS:

1.) In consideration of SRFCPL agreeing to extend hypothecation loan facility to the Borrower, the
Guarantor hereby unconditionally and irrevocably guarantees:

i. The payment and discharge by the Borrower of the Borrower’s liabilities under the loan cum
Hypothecation Agreement to SRFCPL as per the terms provided therein.
ii. Upon the happening of any of the events of default as contemplated under the Loan cum
Hypothecation Agreement, the immediate payment of the amounts payable under the Loan
cum Hypothecation Agreement and discharge by the Borrower of his liabilities, obligations,
without any demur or protest or objection of any nature whatsoever.
iii. The due performance of all the terms and conditions provided under the said loan cum
Hypothecation Agreement by the Borrower.

2. The Guarantor hereby expressly agrees that he shall not require any proof in addition to the
written demand by SRFCPL, made in any format, raised at the above-mentioned address of the
Guarantor indicating the happening of an event of default due to which the Guarantee has been
invoked. A demand in writing signed by SRFCPL or his representative stating the amount due, at
any particular time shall be conclusive evidence against the Guarantor.
3. The Guarantor shall make payment of first demand by SRFCPL without restrictions or conditions
and notwithstanding any objections by the Borrower or any other person. The guarantor shall not
require SRFCPL to justify invocation of this Guarantee and the Guarantor shall not have any
recourse against SRFCPL in respect of any payments made under this guarantee.

i. The Guarantor hereby expressly agrees that this Guarantee is a continuing guarantee till all
the liabilities of the Borrower under the Loan cum Hypothecation Agreement and that of the
Guarantor herein are fully met. The liability of the Guarantor is joint and several along with
the liability of the Borrower.
ii. The Guarantor hereby agree and declare that the Borrower will be free to avail of further
loan(s) or other facilities from SRFCPL in addition to the facilities and/or to secure the same
during the subsistence of this Guarantee and in that event the guarantee herein contained
will not be affected or vitiated in any way whatsoever but will remain in full force and effect
and binding on the guarantor.

4. The Guarantor expressly agrees that since his liability is co-extensive with that of the Borrower,
for the purposes of effectiveness of this Guarantee, the Guarantor(s) is /are to be considered as
principal debtor(s) to SRFCPL for all dues payable under the provisions of this Guarantee.

5. The Guarantor hereby expressly agrees that he shall not be exonerated from his liability to
SRFCPL under this Guarantee under any circumstances including without limitation, the following:

i. By any variance made without their consent in the terms of this contract or the Loan cum
Hypothecation agreement or transaction between SRFCPL and the Borrower,
ii. By any contract made between SRFCPL and the Borrower by which the Borrower be
released, or
iii. By any act or omission of SRFCPL the legal consequences of which may be a discharge of
the Borrower by SRFCPL making a compromise with, or promising to give time to or not to
sue the Borrower or
iv. By SRFCPL losing his property.

6. The Guarantor acknowledges that the Guarantor’s obligation to pay arises immediately after
dispatch of written notice by SRFCPL Guarantor irrespective of whether the Borrower has been
called upon or proceeded against.

7. The Guarantor thereby agrees to keep SRFCPL fully indemnified against all damages, losses,
costs, charges and expenses (including Attorney’s fees)arising from or under or in connection with
any failure of the Borrower to fulfill any of his obligations under the Loan cum Hypothecation
agreement.

8. Guarantor hereby acknowledges and agrees that SRFCPL shall be entitled to invoke this
Guarantee, whether SRFCPL enforces his right against the subject matter of Loan cum
Hypothecation Agreement or not or takes any proceeding (legal or otherwise) against the
Guarantor prior to, simultaneously or subsequent to any proceeding (legal or otherwise) filed
against the Borrower or any other person or entity.

9. This Guarantee shall be interpreted in accordance with the laws of India.

10. It is acknowledged by the Guarantor that SRFCPL shall be entitled to disclose any and all the
information provided by them to SRFCPL to any credit bureau or any other person as SRFCPL
may deem fit and the Guarantor hereby agrees and undertakes not to dispute or question the same
in any manner whatsoever. The Guarantor unconditionally agrees and acknowledges that in case
of any default in the payment by the Guarantor under this guarantee, SRFCPL / RBI/ CIBIL shall
have the right to disclose details of the default and /or other information and the name the
Guarantor as defaulter.

11. The Guarantor(s) agree/s that the arbitration clause provide under the Loan cum Hypothecation
Agreement binds the guarantor(s) and the guarantor(s) is /are also bound by the award passed by
the arbitrator.

12. Any acknowledgement of debt by the Borrower also binds the guarantor as if such
acknowledgment is given by the guarantor.

13. In the event of failure by the Guarantor by the Guarantor to make payment as stated above, the
guarantor shall pay default/delayed payment interest at the same rates as specified in relation to
the Loan cum Hypothecation Agreement for Borrower till receipt of the aforesaid amounts by
SRFCPL to his satisfaction.

14. This Guarantee shall come into effect from the date mentioned herein above and shall
terminate only upon the Borrower and /or the Guarantor making full repayment to SRFCPL of the
amounts payable under the Loan cum Hypothecation Agreement.

15. This Guarantee is not personal to SRFCPL and may be assigned by SRFCPL in whole or in
part to any person (whether absolutely or a security) by SRFCPL, without prior consent of or
intimation to the Guarantor.

16. All words and expressions used in this Guarantee but not defined herein, shall have the
meanings ascribed to the them under the Loan cum Hypothecation Agreement.

16. All words and expressions used in this Guarantee but not defined herein, shall have the
meanings ascribed to the them under the Loan cum Hypothecation Agreement.

17. The Guarantor hereby specifically confirms his Guarantee for the below mentioned details:

a. the Rate Of Interest 26.53% IRR i.e reducing balance rate fixed
b. Tenure in Month - 60
c. Loan Amount in Rupees - 400000

IN WITNESS WHEREOF THE GUARANTOR(S) HAS/HAVE SET AND SUBSCRBED HIS/THEIR

HANDS TO THESE PRESENTS THE DAY, MONTH AND YEAR HEREIN WRITTEN.
This stamp paper forms an integral part of the agreement bearing unique ID No. 25-25263048663,
executed between Shri Ram Finance Corporation Pvt. Ltd. and the Borrower/Co-
Borrower/Guarantor.
 DEMAND PROMISSORY NOTE

Date : 27-06-2025 03:09 PM

On Demand I/We Nileshraj jointly and severally and Unconditionally Promise to pay to Shri Ram
Finance Corporation Private Limited a Non-banking Finance Company incorporated under
Companies Act, 1956 having its registered office at Raipur Road Baloda Bazar, Distt. Baloda
Bazar, Raipur, Chhattisgarh, India, 493332. Order the sum of Rupees 400000 with flat26.53%
IRR i.e reducing balance rate fixedwith Tenure 60 or at any rate which M/s. Shri Ram Finance
Corporation Private Limited, may fix from time to time, with monthly rests for value received.
Presentment for payment and nothing and protest of the note are hereby unconditionally and
irrevocably waived.

Rs. 747780
 SHRI RAM FINANCE CORPORATION PVT LTD
IN FRONT OF TV TOWER SHANKAR NAGAR, RAIPUR, RAIPUR, 492007, Email
: http://portal.srfc-app.in / Phone : 9109118970 9109165271, GSTIN/UIN :
22AAJCS2817F1ZM

Description Value
Name : Nileshraj
Application No : 25263048663
Stock Value :
Percentage of Funding : 0
Finance Amount : 400000
Branch : Sarni (M.P.)
Interest Amount : 335780
Agreed Amount : 747780
Rate of Interest(Flat) : 26.53% IRR i.e reducing balance rate fixed
Number of Installments : 60 Months
Number of Installments in Advance : 0
Loan Start Date: 27/06/2025
Loan End Date: 05/07/2030
Due Date : 05/08/2025
Frequency : Monthly
Commencement Date : NA
Registration Number : NA
Annualize IRR : 26.53% IRR i.e reducing balance rate fixed
1 X 12640
59 X 12460
Installment Scructure : 0X0
0X0
0X0

Repayment Schedule
Date Sr Amount Interest Amount Principal Amount
27/06/2025 0 -412000 0 0
05/08/2025 1 12640 9109 3531
05/09/2025 2 12460 9031 3429
05/10/2025 3 12460 8955 3505
05/11/2025 4 12460 8877 3583
05/12/2025 5 12460 8798 3662
05/01/2026 6 12460 8717 3743
05/02/2026 7 12460 8634 3826
05/03/2026 8 12460 8550 3910
05/04/2026 9 12460 8463 3997
05/05/2026 10 12460 8375 4085
05/06/2026 11 12460 8285 4175
05/07/2026 12 12460 8192 4268
05/08/2026 13 12460 8098 4362
05/09/2026 14 12460 8002 4458
05/10/2026 15 12460 7903 4557
05/11/2026 16 12460 7802 4658
05/12/2026 17 12460 7699 4761
05/01/2027 18 12460 7594 4866
05/02/2027 19 12460 7486 4974
05/03/2027 20 12460 7376 5084
05/04/2027 21 12460 7264 5196
05/05/2027 22 12460 7149 5311
05/06/2027 23 12460 7032 5428
05/07/2027 24 12460 6912 5548
05/08/2027 25 12460 6789 5671
05/09/2027 26 12460 6664 5796
05/10/2027 27 12460 6536 5924
05/11/2027 28 12460 6405 6055
05/12/2027 29 12460 6271 6189
05/01/2028 30 12460 6134 6326
05/02/2028 31 12460 5994 6466
05/03/2028 32 12460 5851 6609
05/04/2028 33 12460 5705 6755
05/05/2028 34 12460 5556 6904
05/06/2028 35 12460 5403 7057
05/07/2028 36 12460 5247 7213
05/08/2028 37 12460 5087 7373
05/09/2028 38 12460 4924 7536
05/10/2028 39 12460 4758 7702
05/11/2028 40 12460 4588 7872
05/12/2028 41 12460 4414 8046
05/01/2029 42 12460 4236 8224
05/02/2029 43 12460 4054 8406
05/03/2029 44 12460 3868 8592
05/04/2029 45 12460 3678 8782
05/05/2029 46 12460 3484 8976
05/06/2029 47 12460 3285 9175
05/07/2029 48 12460 3083 9377
05/08/2029 49 12460 2875 9585
05/09/2029 50 12460 2663 9797
 05/10/2029 51 12460 2447 10013
05/11/2029 52 12460 2225 10235
05/12/2029 53 12460 1999 10461
05/01/2030 54 12460 1768 10692
05/02/2030 55 12460 1532 10929
05/03/2030 56 12460 1290 11170
05/04/2030 57 12460 1043 11417
05/05/2030 58 12460 791 11669
05/06/2030 59 12460 533 11927
05/07/2030 60 12460 269 12191

Note: The repayment schedule and moratorium interest will be adjusted based on the actual date
of disbursement.