Announced Tue, 27 Oct, 2026 · 14:58 IST
Axis Bank sanctions Rs 7 crore additional term loan
DIVYADHAN · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved an additional Rs 7 crore term loan from Axis Bank, taking total outstanding borrowing under the facility to Rs 30.46 crore. It will meet working capital needs and support operations. The loan is secured by a charge over company assets, with no bank nominee rights, special rights, equity issue, or related-party link.
Likely market impact
Funding supports near-term liquidity, but higher secured debt and asset charges may increase repayment pressure and weigh on the stock if leverage rises.