AWCA 8-K
Awaysis Capital, Inc. (AWCA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(Amendment No.)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 1.01. | Entry Into a Material Agreement. |
On March 31, 2026, Awaysis Capital, Inc. (the “Company”) issued a Promissory Note (the “Note”) to Narendra Kini, the Chairman of the Company’s Board of Directors.
Pursuant to the Note, the Company borrowed $50,000 from Dr. Kini, with the outstanding principal amount of the Note bearing interest at a rate of 8% per annum. The Note is due and payable in full on or before May 15, 2026. The Note may be prepaid without penalty. The obligations of the Company under the Note are unsecured and the Note is not convertible into equity securities of the Company.
In addition, on January 2, 2026, the Company previously issued a promissory note to KiniConsult Inc., an affiliate of Dr. Kini, in the principal amount of $20,000 (the “January Note”), which bears interest at a rate of 8% per annum and matures on May 15, 2026. The January Note may be prepaid without penalty. The obligations of the Company under the January Note are unsecured and the January Note is not convertible into equity securities of the Company.
The foregoing descriptions of the Note and the January Note do not purport to be complete and are qualified in their entirety by reference to the full text of such promissory notes, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit | Description | |
| 10.1 | Promissory Note, dated March 31, 2026, between Awaysis Capital, Inc. and Narendra Kini. | |
| 10.2 | Promissory Note, dated January 2, 2026, between Awaysis Capital, Inc. and KiniConsult Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: April 9, 2026 | ||
| AWAYSIS CAPITAL, INC. | ||
| By: | /s/ Andrew Trumbach | |
| Name: | Andrew Trumbach | |
| Title: | Co-CEO and CFO | |
Exhibit 10.1
PROMISSORY NOTE
USD $50,000.00
Date: March 31, 2026
FOR VALUE RECEIVED, the undersigned, Awaysis Capital Inc. (“Borrower”), hereby promises to pay to the order of Narendra Kini (“Lender”), the principal sum of Fifty Thousand Dollars (USD $50,000.00).
1. Payment Terms
The entire principal balance shall be due and payable in full on or before May 15, 2026.
2. Interest
This Note shall bear 8% interest on the principal.
3. Prepayment
Borrower may prepay this Note in full at any time prior to May 15, 2026 without penalty.
4. Governing Law
This Note shall be governed by and construed in accordance with the laws of Florida.
5. Entire Agreement
This Note constitutes the entire agreement between the parties concerning the subject matter hereof and may only be amended in writing signed by both parties.
BORROWER:
| AWAYSIS CAPITAL INC. | |
| /s/ Andrew Trumbach | |
| Andrew Trumbach, Co-CEO & CFO | |
| LENDER: | |
| /s/ Narendra Kini | |
| Narendra Kini |
Date: March 31, 2026
Exhibit 10.2
PROMISSORY NOTE
USD $20,000.00
Date: January 2, 2026
FOR VALUE RECEIVED, the undersigned, Awaysis Capital Inc. (“Borrower”), hereby promises to pay to the order of KiniConsult Inc. (“Lender”), the principal sum of Twenty Thousand Dollars (USD $20,000.00).
1. Payment Terms
The entire principal balance shall be due and payable in full on or before May 15, 2026.
2. Interest
This Note shall bear 8% interest on the principal.
3. Prepayment
Borrower may prepay this Note in full at any time prior to May 15, 2026 without penalty.
4. Governing Law
This Note shall be governed by and construed in accordance with the laws of Florida.
5. Entire Agreement
This Note constitutes the entire agreement between the parties concerning the subject matter hereof and may only be amended in writing signed by both parties.
BORROWER:
| AWAYSIS CAPITAL INC. | |
| /s/ Andrew Trumbach | |
| Andrew Trumbach, Co-CEO & CFO | |
| LENDER: | |
| KINICONSULT INC. | |
| /s/ Narendra Kini | |
| Narendra Kini, President |
Date: January 2, 2026