Announced Mon, 4 May · 17:05 IST
Outcome of Board Meeting held on 04th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹0.85
prior close
₹0.84
base price
After-mkt
timing
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+3.6+3.6+0.0+0.0+1.2+0.0-3.5-5.9-3.5-4.7-5.9-9.4-14.1—
Up moveDown movePending
AI summary
The Board of Directors approved opening a new account with Union Bank and obtaining financial assistance of up to Rs. 15 crore. Union Bank has taken over the existing loan of Rs. 8.5 crore from ICICI Bank and increased the Overdraft Cash Credit (OCC) limit from Rs. 8.5 crore to Rs. 15 crore. The meeting was held on May 4, 2026, and lasted about 25 minutes.
Likely market impact
The company is refinancing its debt from ICICI Bank to Union Bank at a higher limit, which could indicate access to better credit terms or increased borrowing capacity.