Considered and approved the enhancement of Borrowing Facility taken from Supergrowth Investments Private Limited (SGIPL) regarding the Insurance Receivables financing from existing 50 Lakhs ....
Awaiting price reaction for this filing.
Soni Medicare Ltd's Board of Directors, at its meeting held on 11th July 2025, approved an enhancement of its borrowing facility from Supergrowth Investments Private Limited (SGIPL). The Insurance Receivables Financing limit has been doubled from the existing ₹50 Lakhs to ₹100 Lakhs. The meeting commenced at 10:00 AM and concluded at 10:20 AM. This is part of the company's ongoing financial arrangements to support its working capital needs.
The doubling of the credit facility provides Soni Medicare with additional working capital flexibility, particularly tied to insurance receivables. This is a moderate positive for liquidity, though the absolute amount (100 Lakhs total) is relatively small for the company.