Star Paper Mills Limited
Working Capital Facility Agreement with UCO Bank
Main Body
Star Paper Mills Limited has executed an agreement for availing working capital facilities aggregating up to ₹50 Crores from UCO Bank. The facility breakdown is as follows:
- Fund-based facilities: ₹40 Crores
- Non-fund based facilities: ₹10 Crores
The agreement was executed on 10th September, 2026. The working capital loan amount is yet to be disbursed.
Security for the loan has been provided through:
- Charge over Current Assets of the company by way of hypothecation
- Charge over Fixed Assets of the company by way of mortgage by deposit of title deeds
The company has confirmed that no promoter/promoter group/group companies/any director/KMP have any interest in this transaction. There are no other disclosures related to potential conflicts of interest or nominee directors arising from this agreement.