Announced Thu, 15 Oct, 2026 · 17:45 IST

Teja Engineering takes Rs 30 lakh vehicle loan from Bank of Baroda

New Credit FacilityCredit & Debt View source PDF Explain this filing

TEJA · price

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.5% vs market

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AI summary

Teja Engineering Industries has signed a loan agreement with Bank of Baroda on 15 October 2026 for a vehicle loan of Rs 30 lakhs. The loan is to buy a Toyota Innova Hycross for business use. Interest rate is 7.85 percent per annum, tenure is 48 months with EMIs starting 10 November 2026. The vehicle is hypothecated as security. Total outstanding is nil at present.

Likely market impact

Small vehicle loan for company car purchase. No material impact on financials or shareholders. Signals routine business activity.