The Board of Directors of the Company in its meeting held on Tuesday, 17th February 2026 at 02:00 PM, at the registered office of the Company, on a shorter notice, with the consent of ....
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TCM Limited's Board of Directors, at a meeting held on 17th February 2026, approved the acceptance of a Term Loan of Rs. 1.37 Crore from Indian Bank, Vytilla Branch. The loan carries a variable interest rate of 9.60% (floating) and will be repaid in 174 monthly installments after a 6-month holiday period. The loan is secured by mortgaging the company's Hi-Lite property at Maradu, Ernakulam (Door nos. 8/96-2 & 3). The funds will be used for working capital requirements.
The company is taking on additional debt of Rs. 1.37 Crore for working capital, which is a modest borrowing backed by property collateral. This signals reliance on bank funding for day-to-day operations rather than expansion, but the small size relative to typical working capital needs limits material impact on shareholders.