Key Quantitative Figures

  • Loan Amount: ₹64,40,00,000/- (Rupees Sixty Four Crores Forty Lakhs Only)
  • Existing Term Loan Outstanding: ₹91.37 Crores
  • Existing Working Capital Loan Outstanding: ₹55 Crores

Parties Involved

  • Borrower: Eris Lifesciences Limited
  • Lender: Axis Bank Limited

Purpose and Rationale

The working capital term loan has been drawn down to meet other short-term liabilities of the company.

Financial Impact

The aggregate debt level of the company remains unchanged despite this new loan drawdown.

Security Details

The Bank will have a second charge on assets (both primary and collateral) already created for its existing working capital credit facilities.

Additional Details

  • Shareholding in Axis Bank: NIL
  • Related Party Transaction: Not applicable (NA)
  • Special rights: Not applicable (NA)
  • The parties are not related to promoter/promoter group/group companies

Capital Structure Impact

No impact on capital structure disclosed. The transaction represents additional debt financing without equity issuance.

Exchange Filing Details

  • BSE Scrip Code: 540596
  • NSE Symbol: ERIS