We would like to inform you that the Board of Directors (The Board) of the Company at its meeting held today i.e. December 18, 2025 inter alia approved change in borrowing facilities from banks.
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The board of Shree Ajit Pulp and Paper, at its meeting on December 18, 2025, approved a change in the company's borrowing facilities from banks. This includes a rupee term loan of up to INR 235 crore (for takeover of the existing term loan and additional new funding) and a working capital facility of up to INR 155 crore, taking the total new facilities to about INR 390 crore. The loans will be secured by charges on the company's movable and immovable assets. The detailed disclosure under SEBI listing regulations will follow once the loan agreement is executed.
The company is refinancing and expanding its debt by about INR 390 crore, which signals capacity for growth or capex but also increases leverage. Shareholders should watch for the final loan terms and end-use of funds in the next detailed disclosure.