Marine Electricals (India) LimitedMARINENSE
Memorandum of Understanding
As filed · Memorandum of Understanding/Agreements
BusinessWatchMinormateriality 59 out of 100
What happened
FactMemorandum of Understanding/Agreements. 2026 has approved to grant Loan (convertible into Equity) to Evigo Charge Private Limited, subsidiary. of the Company amounting upto Rs. 5,50,00,000/- (Five crore fifty lakhs only).
Why it matters
CapitSignal interpretationA joint venture commits capital and management time to an asset the company only part-owns.
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Fact- Capital commitment and ownership split
- Whether it is consolidated or equity-accounted
Evidence
How CapitSignal classified this
- Reasoning:
- JOINT_VENTURE base 54; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%