Pursuant to Regulation 30 read with Part B of Part A of Schedule III of SEBI (LODR) Regulation, 2015, we wish to inform you that the Auro Laboratories Limited ("the Company") has entered ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Auro Laboratories Limited has entered into an Agreement of Hypothecation of Movables with Indian Bank Limited for a temporary operating limit. The facility is an Ad-hoc Overdraft Cash Credit (ADHOC OCC) of Rs. 1.80 Crore, secured against goods, produce, merchandise, and stock stored at the company's MIDC Tarapur facility in Maharashtra. The agreement was executed on March 21, 2025, and was disclosed to the stock exchange on April 18, 2025. Currently, the total amount outstanding under this facility is NIL, indicating it has been taken as a standby working capital line. No related party concerns or special rights for the bank were disclosed.
This is a routine working capital arrangement that gives the company a short-term funding cushion for daily operations. The Rs. 1.80 Crore size is small relative to typical operations, so the financial impact on shareholders is minimal—this is more of an administrative disclosure than a material event.