Intimation of Renewal in existing Credit facility
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aelea Commodities Ltd has renewed its existing credit facility from DBS Bank India Limited, with the limit being enhanced from ₹20 Crores to ₹25 Crores (a 25% increase). The revised sanction letter was executed on December 3, 2025. The facility is secured with a first pari-passu charge on the company's current and movable assets, an exclusive charge on a land parcel in Surat, a pari-passu charge on two flats in Mazgaon, Mumbai, and personal guarantees from promoters Mr. Hozefa Jawadwala and Mr. Satyanarayan Patro. The loan is for general business/financial assistance purposes.
Positive for shareholders — the 25% increase in credit limit from a recognized bank like DBS signals continued lender confidence in the company's creditworthiness and provides additional working capital headroom for business expansion. The personal guarantees from promoters indicate their commitment but also expose them directly if the company defaults.