Announced Sun, 28 Jun · 22:26 IST
Revised board outcome: Rs 4.09 cr HDFC loan and subsidiary guarantee hike
ACSTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹44.83
prior close
₹47.07
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.7-2.7-2.9-6.5-3.6-2.8-0.6-1.6+0.2-7.7-6.2———
Up moveDown movePending
AI summary
ACS Technologies revised its 25 June board meeting outcome to include a missed item. The board approved a Rs 4.09 crore working capital term loan from HDFC Bank under ECLGS 5.0, raising total banking facilities to Rs 48.74 crore. It also enhanced an existing corporate guarantee for subsidiary Iotiq Innovations by Rs 89 lakh in favour of SBI, taking total guaranteed credit to Rs 5.39 crore. A CSR Committee was also constituted.
Likely market impact
Higher debt and contingent liability for subsidiary; signals working capital needs and continued support for subsidiary growth.