Execution of Loan Agreement by the Company
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Axis Solutions Ltd has executed a Deed of Hypothecation with The Hongkong and Shanghai Banking Corporation Limited (HSBC) on 12th March 2026 to avail a Working Capital Facility of Rs. 20 crores. The funds will be used to expand the company's business operations. The facility is secured by personal guarantees from directors Mr. Bijal Sanghvi and Mrs. Purvi Sanghvi, a first pari-passu charge on the company's current and future current assets, a first pari-passu charge on its industrial property at GIDC Kathwada, Ahmedabad, and a Deposit Under Lien of Rs. 1.2 million. The company has been given a 180-day timeline to complete security creation and obtain a pari-passu letter from existing banks. The transaction is not a related-party transaction.
Securing a Rs. 20 crore working capital line from a major international bank like HSBC signals improved access to credit and supports the company's growth plans. For shareholders, this provides additional liquidity for business expansion, though the personal guarantees from promoters indicate significant promoter-level commitment to the facility.