Board approves Rs 130 crore term loan and asset pledge

New Credit FacilityCredit & Debt View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹51.74

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-2.6% vs market

Residential Commercial Projects peers, median of 60sector+0.7%-2.3% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.3 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 60Pending

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AI summary

On 17 October 2025, the board approved term loan facilities totalling Rs 130 crore from Kotak Mahindra Investments. It also approved a pledge over the company's assets to secure the borrowing.

Likely market impact

The loan may support business growth, but higher debt and pledged assets increase financial risk for shareholders.