Loan Agreement

New Credit FacilityCredit & Debt View source PDF

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₹24.98

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AI summary

Prakash Woollen & Synthetic Mills Ltd has entered into a loan agreement with State Bank of India dated May 21, 2026. The loan is a Working Capital Term Loan (WCTL) of INR 4.68 crores to be used for working capital requirements. The interest rate is 8.65% per annum and the loan has a tenure of 5 years with equated monthly installments. This is a standard disclosure under SEBI regulations for material agreements.

Likely market impact

The company is obtaining fresh working capital financing from a PSU bank, which indicates access to credit. This is routine financing activity and not necessarily negative for shareholders, though it increases the company's debt obligations.