Execution of Loan agreement with Vivriti Capital Limited
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Axis Solutions Ltd has entered into a Deed of Hypothecation with Vivriti Capital Limited on 27 March 2026 to avail a working capital facility of Rs. 25 crore. The funds will be used to expand the company's business operations. As security, the company has offered a subservient and continuing charge on all its assets including current assets and movable fixed assets, along with a first-ranking exclusive charge on a cash collateral equal to 15.77% of the facility amount. The transaction is not a related-party deal, and the lender does not have any shareholding in the company.
This new credit line of Rs. 25 crore gives Axis Solutions additional working capital headroom to fund business expansion, which is a positive operational signal. However, the company is pledging most of its assets as collateral and parking ~Rs. 3.94 crore (15.77%) as interest-free security, which increases its leverage and financial obligations going forward.