Board approves Rs 4.09 cr working capital loan from HDFC Bank under ECLGS 5.0
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The board of ACS Technologies approved availing an additional Working Capital Term Loan of Rs 4.09 crore from HDFC Bank under the ECLGS 5.0 scheme to meet working capital needs. The facility is secured by extending existing securities in favour of HDFC Bank. With this, total banking facilities rise to Rs 48.74 crore. The board also constituted a Corporate Social Responsibility Committee for FY 2026 onwards, comprising one Independent Director as Chairperson and two Executive Directors as members.
Modest debt addition of about 9 percent over existing facilities; signals continued working capital support from HDFC Bank, with no equity dilution.