Key Quantitative Figures
- Total loan amount: ₹210.00 lakh (Rupees Two Crore Ten Lakh Only)
- Interest rate: 8.9% per annum (floating rate)
- Tenure: 12 months (repayable on demand and subject to annual renewal)
Dates of Action
- Date of execution of Master Facility Agreement: Saturday, September 5, 2026 at 19:45:59 IST
- Disclosure date: September 7, 2026
- Previous intimation date: August 10, 2026
Parties Involved
- Borrower: Dev Labtech Venture Limited (Company)
- Lender: HDFC Bank (Bank)
Purpose and Rationale
The credit facilities are availed for working capital requirements of the company.
Significant Terms of Agreement
- Facility type: Overdraft Against Property - Manufacturers (ODAP-MFRS)
- The agreement does not contain terms pertaining to right to appoint directors, first right to share subscription in case of issuance of shares, or right to restrict any change in capital structure
- No shareholding exists between the parties
- The transaction is not a related party transaction and is executed at arm's length
- The parties are not related to promoter/promoter group/group companies
Security Details
- Primary Security: Residential Property, Commercial Property
- Collateral Security: Personal Guarantee, Stock, Debtors
Additional Information
- Scrip ID: DEVLAB (BSE SME)
- CIN No.: L36100GJ1993PLC019374
- The disclosure was signed by Pankaj Pandav, Company Secretary & Compliance Officer (ACS No. 62216)