We hereby submit the disclosure under Reg. 30 of SEBI LODR , 2015 for the company has closed its cash credit facility amounting Rs. 20 Crores from PNB Bank.
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Neeraj Paper Marketing Ltd has closed its cash credit facility of ₹20 crores from Punjab National Bank after fully paying off the outstanding amount. The bank issued a No Objection Certificate on 18th June 2025 confirming the closure. As a result, the company's consolidated net debt position will change. The original facility was originally taken on 17th May 2012.
This is a positive development for shareholders as the company has fully repaid its cash credit facility, reducing its debt burden and improving its net debt position. Lower leverage can strengthen the balance sheet, though it also means reduced access to that specific working capital line going forward.