We would like to inform that Company has availed a cash credit facility of Rs. 8.5 cr and term loan of Rs. 1.25 cr form Union bank of India.
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Neeraj Paper Marketing Ltd has availed new credit facilities totaling Rs. 9.75 crores from Union Bank of India. This includes a cash credit facility of Rs. 8.50 crores and a term loan (Union LAP) of Rs. 1.25 crores. The loan agreement and hypothecation agreement were executed on 25th September 2025. The security for these loans is the hypothecation of stock, book debts, and other current assets of the company, along with collateral security. The total outstanding amount is Rs. 9.75 crores.
This new borrowing of Rs. 9.75 crores will increase the company's debt levels and interest obligations, but also provides additional working capital and funding for business operations. Shareholders should note the rise in leverage, though securing bank funding suggests the company maintains adequate creditworthiness with a public sector lender.