It is to submit that the company has received sanction letter for availing financial assistance for its working capital needs from Bank. The Board in its meeting held on 12/11/2025 has ....
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Awaiting price reaction for this filing.
TGV Sraac Limited announced that it has received a sanction letter from The Federal Bank Ltd. for financial assistance to support its working capital requirements. The sanction, communicated via letter dated 27.10.2025, includes a renewal of existing working capital limits of Rs. 36.54 crore and a term loan/letter of credit facility of Rs. 75 crore. The Board of Directors approved this financial assistance in their meeting held on 12 November 2025. This indicates continued banking support for the company's operational funding needs.
Positive for the company as it secures adequate working capital funding and a term loan/LC facility, ensuring smooth operations and liquidity. The renewal of existing limits suggests the bank is comfortable with the company's credit profile, though it does not directly impact share price in the short term.