Repayment and Satisfaction of Overdraft Facility
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SSMD Agrotech India Ltd has fully repaid its Corporate Working Capital Facility (Overdraft) of Rs. 5.3 Crores to its lender. The original facility was sanctioned on 16 July 2024 and has now been settled in full, with the lender issuing a No Dues Certificate dated 10 February 2026. The repayment was made using proceeds from the company's recent IPO, as outlined in the offer documents. All security provided against the facility has been released by the lender.
This is a positive development for shareholders as it shows disciplined use of IPO funds to clean up the balance sheet by eliminating existing debt. Reduced leverage improves the company's financial health, lowers interest costs, and may be viewed favorably by the market.