Announced Mon, 13 Jul · 16:35 IST
Board approves Rs 21.6M ECLGS term loan from ICICI Bank
HPAL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹34.35
prior close
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base price
After-mkt
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AI summary
HP Adhesives board on July 13, 2026 approved a Working Capital Term Loan under the ECLGS scheme of Rs 21.6 million from ICICI Bank at 9 percent per annum. The loan carries a 5 year tenure with a 1 year moratorium on principal repayments, giving the company extra working capital headroom.
Likely market impact
Adds about Rs 21.6M of debt at 9 percent interest; modest leverage rise with 1 year relief before principal repayment starts.