Awaysis Capital, Inc. entered into two unsecured promissory notes with related parties, borrowing a total of $70,000 at 8% interest, both due on May 15, 2026.
Key takeaways
The company borrowed $50,000 from Chairman Narendra Kini via a promissory note dated March 31, 2026.
The company previously borrowed $20,000 from KiniConsult Inc., an affiliate of Dr. Kini, via a note dated January 2, 2026.
Both notes bear interest at 8% per annum and mature on May 15, 2026.
Both obligations are unsecured and are not convertible into company equity.
The notes may be prepaid without penalty, providing financial flexibility.
The transactions create direct financial obligations with related parties.