DEMAND PROMISSORY NOTE
Rs. 15,00,000/- (Rupees Fifteen Lakhs Only)
On Demand We, Shakti Container Care Prop. Mohan Ramchandran Nadar (PAN No.
ASOPN4459N) and Mrs. Vijayalaxmi Mohan Nadar W/O Sh. Mohan Ramchandran Nadar
(PAN No. AGHPN7918B ) promise to pay to Vallabhi Capital Private Limited or any
successor(s)/Assignee(s) thereof or order at its Branch office at B/204, Town Centre-II,
Andheri Kurla Road, Andheri(E), Mumbai-400059 and/or its registered office at SF-4C
Rishabh IPEX Mall IP Extension Patparganj Delhi - 110092 the sum of Rupees 15,00,000/-
(Rupees Fifteen Lakhs Only) for the value received together with interest thereon from the
date hereof, at the interest rate (Mentioned Below) per annum payable with monthly rests.
Interest Rate: 26% p.a. fixed (Monthly compounded.)
Presentment for payment and noting and protesting of this note are hereby unconditionally
and irrevocably waived.
Name of Borrowers:
Shakti Container Care Vijayalaxmi Mohan Nadar
Prop. Mohan Ramchandran Nadar
Borrower Co-Borrower
Place: Mumbai
Date: 28th June 2025
LETTER OF CONTINUITY FOR D.P. NOTE
M/s.Vallabhi Capital Private Limited
B/204, Town Centre-II,
Andheri Kurla Road, Andheri(E),
Mumbai-400059
Dear Sir,
I/We refer to the Demand Promissory Note for Rupees 15,00,000/- (Rupees Fifteen Lakhs
Only) dated 28th June 2025 duly signed and delivered by me/ us to you, as security for the
payment/repayment of all amounts due and/or payable by us under the Loan Agreement
dated 28th June 2025 and/or any amendment(s)/addendum(s) thereto (“Loan Agreement”)
between Shakti Container Care Prop. Mohan Ramchandran Nadar (Borrower), Mrs.
Vijayalaxmi Mohan Nadar W/O Sh. Mohan Ramchandran Nadar (Co-Borrower) and
Vallabhi Capital Private Limited (“Lender”) and the related loan documents, at present
outstanding as also for the payment/repayment of any further amount, which we may avail
hereafter from you. We hereby irrevocably and unconditionally, agree, confirm and undertake
that:
(i) The said Demand Promissory Note shall operate as a continuing security to you to be
enforceable for the repayment of the ultimate balance and/or all sums remaining
unpaid under the Loan Agreement and the related loan documents now or hereafter,
including all interest to become payable in respect of the Loan Agreement and the
related loan documents, and also all moneys lent, advanced, paid or incurred in
respect of /under the Loan Agreement and the related loan documents or which may
in future be advanced or incurred together with interest, discount, commission and
other charges and all other costs, charges and expenses which may be or become
payable in connection therewith; and
(ii) We shall remain liable on the said Demand Promissory Note till all the amounts
payable/repayable under the Loan Agreement and the related loan documents have
been paid/repaid by us to the satisfaction of the Lender.
IN WITNESS WHEREOF, we have executed these presents on the day and the year
mentioned herein below.
Borrower Co-Borrower
Place: Mumbai Date: 28th June 2025
Witness 1. Witness 2.
Signature: Signature :
Name : Name :
Address : Address :
