Company has executed Loan agreement with SBI. The details are hereby submitted
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Hindustan Organic Chemicals Ltd has signed a loan agreement with State Bank of India on 16th August 2025 to avail fund-based and non-fund-based facilities totalling Rs. 100 crore. The purpose is to meet working capital requirements and provide bank guarantees. The loan is secured by a first charge on the current assets of the company. HOC will use these funds for short-term operational needs rather than long-term capital expenditure.
This is a routine working capital arrangement and signals business-as-usual borrowing for operations. No material impact on share price is expected, but the facility availability ensures smooth day-to-day operations and liquidity.