Outcome of Board meeting
ACSTECH · price
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The board of ACS Technologies Limited approved an enhancement in credit facilities from HDFC Bank Limited worth Rs. 13 Crores. This is over and above the existing credit facility of Rs. 39.50 Crores, taking the total aggregate credit facilities to Rs. 44.50 Crores. The increase is calculated after deactivating an adhoc cash credit of Rs. 3 Crores and a term loan of Rs. 5 Crores. The board meeting was held on March 20, 2026, from 5:45 PM to 6:15 PM.
This signals improved access to additional working capital or funding from a major bank, which could support business growth or operational needs. For shareholders, it indicates the company's banking relationships remain healthy and it is expanding its borrowing capacity, though it also means higher debt levels going forward.