Announced Fri, 3 Jul · 12:51 IST
Board approves increase in cash credit facility from SBI
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹129.65
prior close
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AI summary
Gujjubhai Industries' board, at its meeting on July 3, 2026, approved increasing its cash credit facility from State Bank of India (SME Jayanagar branch) from about INR 4.95 crore to INR 5.93 crore. The board also approved modification of Charge ID 101041544 related to this facility. The meeting lasted from 12:00 PM to 12:30 PM.
Likely market impact
About 20% increase in working capital borrowing limit, suggesting higher operational needs or growth plans.