Morepen Laboratories approved a ₹30 crore unsecured term loan from Shinhan Bank for general business purposes.
The loan carries an interest rate of 7.60% (repo plus spread) with a 36-month tenure and 10 quarterly repayments.
Promoter and CMD Sushil Suri provided a personal guarantee for the facility, executed on April 23, 2026.
The company's total outstanding loan exposure, excluding this facility, is reported at ₹182.62 crore.