Financial Details
- The Board of Directors has approved availing credit facilities from Axis Bank Limited.
- Total facility amount: ₹24.17 Crores
- Facility composition: Cash Credit and Term Loan facilities
- Bank: Axis Bank Limited
- Sanction Letter Reference: AXIS-CAM590604260063/MEG/Bangalore/2025-26
Security Arrangements
Primary Security: Hypothecation of the entire current assets of the Company, both present and future.
Collateral Security: Equitable/Registered Mortgage of the properties offered by the Personal Guarantor and/or Corporate Guarantor, as stipulated in the sanction letter.
Terms and Conditions
The borrowing facilities shall be availed subject to the terms and conditions contained in the sanction letter and such amendments/modifications thereto as may be agreed between the Company and Axis Bank Limited from time to time.