Agreement Details
Parties: Agreement between Autofurnish Limited (Company) and State Bank of India, SME Manesar Branch (Lender)
Purpose:
- Availing cash credit facility of up to ₹10,10,00,000/- (Rupees Ten Crore Ten Lakh only)
- Transferring to State Bank of India, SME Manesar Branch, the existing fund-based facility availed from Axis Bank, Sector-15 Branch, Faridabad, Haryana – 121007
Existing Facility Details:
- Axis Bank Account No.: 925030033650082
- Facility Type: SBB CGTMSE facility
- Sanctioned Limit: ₹5,00,00,000/- (Rupees Five Crore only)
Financial Terms
Size of Agreement: ₹10,10,00,000/- (Rupees Ten Crore Ten Lakh only)
Significant Terms:
- Tenure: Maximum tenor of each tranche shall be 365 days
- Rate of Interest: 8.60%
Security Provided: The Company has provided the security of Stock and Debtors Receivable
Execution and Relationship Details
Date of Execution: 28th October 2026
Shareholding Relationship: NIL shareholding in the entity with whom the agreement is executed
Promoter Relationship: Not applicable - parties are not related to promoter/promoter group/group companies
Related Party Transaction: Not applicable - transaction does not fall within related party transactions