The Board of Directors of the Company, at its meeting held on 22nd April 2026, has approved to avail credit facilities from ICICI Bank, Viman Nagar Branch aggregating to Rs. 10,80,00,000 ....
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The Board of Directors of Icodex Publishing Solutions Ltd approved availing credit facilities from ICICI Bank, Viman Nagar Branch. The total sanctioned amount aggregates to Rs. 10,80,00,000 (Rupees Ten Crores Eighty Lakhs Only). This represents a new borrowing arrangement with ICICI Bank as the lender. The meeting to approve this facility was held on 22nd April 2026.
The company is taking on new debt of approximately Rs. 10.8 crore from ICICI Bank. Shareholders should monitor how these funds are deployed and whether the borrowing supports revenue-generating activities or indicates working capital needs.