Announcement Under Regulation 30_Enhancement of Credit Facilities
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Desco Infratech has received an enhanced credit facility sanction from YES Bank Limited for its working capital needs. The Bank Guarantee limit has been raised from Rs. 5.52 Cr to Rs. 8.45 Cr, and the Cash Credit limit has been increased from Rs. 1.97 Cr to Rs. 2.80 Cr. Overall, total working capital facilities have gone up from Rs. 7.49 Cr to Rs. 11.25 Cr, an increase of about 50%. The company says this will strengthen its liquidity position and support smooth business operations.
This is a positive development as enhanced credit lines from an existing banker signal continued lender confidence and improved liquidity, giving the company more headroom for working capital and business expansion.