Date: 1st November 2025
To whom it may concern
Subject: Summary of Long-Term Loan (borrowing from abroad)
Particulars
Details
Lender (Parent Company)
IRIS Company Ltd.
Address of Lender
1933 Izuka, Ota, Gunma, Japan.
Borrower (Subsidiary)
Bengal Iris Takumi Ltd.
Address of Borrower
Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi, Via Rupganj Araihazar, Narayanganj-1460, Bangladesh.
Date of Commencement
1 January 2026
Loan Amount
USD 3,000,000
Interest Rate
3% per annum
Loan Type
Long-Term Shareholder Loan
Loan Tenure
10 (Ten) Years (Including Two Years Grace Period)
Grace Period
2 (Two) Years (2026–2027)
Repayment Period
8 (Eight) Years (2028–2035)
Annual Repayment Amount
An annual amount of $90,000 (Interest Payment) for each of the first two years, and an annual amount of $422,268 (Installment: Interest & Principal) for each of the subsequent eight years.
Total Repayment Amount
USD 3,558,116 (Principal USD 3,000,000 + Interest USD 558,116)
Receiving Bank (Borrower)
Prime Bank PLC, Gulshan Branch, Dhaka, Bangladesh
Borrower’s Account Name
Bengal Iris Takumi Ltd.
Account No.
FC USD 2118518039391
SWIFT Code
PRBLBDDH016
Purpose of Loan
Factory construction, equipment purchase, technology transfer, and infrastructure, utilities, and capital expenditure necessary for operations.
Repayment & Repatriation
Principal and interest to be remitted annually to lender’s Bank account through authorized dealer bank in Bangladesh.
Sincerely,
√
_____________
Yukihei Osumi
Director
Bengal IRIS TAKUMI Ltd.