The Board of Directors of the Company at their meeting held today i.e. September 11, 2025, inter alia, duly passed resolution for making an application for availing overdraft facility against ....
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Abril Paper Tech Ltd's Board of Directors, at a meeting held on September 11, 2025, approved applying for an overdraft facility of ₹5.225 crore (₹5,22,50,000) from ICICI Bank. The facility will be secured against the company's existing fixed deposits held with the bank, with a lien or pledge to be marked on those deposits. This is a standard working capital arrangement where the company leverages its own deposits to access short-term funds. The board meeting concluded at 12:30 p.m. The company, converted from partnership firm Abril International, is based in Surat, Gujarat, and operates in the paper industry.
This is a routine, low-risk borrowing arrangement backed entirely by the company's own fixed deposits, so shareholder risk is minimal. The move gives the company additional short-term liquidity for working capital needs without diluting equity or adding unsecured debt.