The Board approved borrowings from HDFC Bank Limited amounting to ₹11,75,00,000 (Rupees Eleven Crore Seventy-Five Lakh Only). This borrowing comprises:
- Term Loan: ₹9,75,00,000 (Rupees Nine Crore Seventy-Five Lakh Only)
- Working Capital Facility: ₹2,00,00,000 (Rupees Two Crore Only)
The borrowing is based on the terms and conditions mentioned in HDFC Bank's Sanction Letter dated 17.09.2026.
This borrowing is within the company's borrowing limits approved by shareholders in its 31st Annual General Meeting held on 30th September, 2024 under Section 180(1)(c) of the Companies Act, 2013.
The meeting commenced at 02:30 PM and concluded at 03:15 PM.