Submission of disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
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Tirupati Starch & Chemicals has executed a supplementary deed of hypothecation with HDFC Bank to enhance its Working Capital Loan Facility. The post-enhancement limit is up to INR 40 crore, an increase of INR 25 crore over the earlier arrangement, executed on 24 June 2025. The loan is in the nature of a Cash Credit facility and is secured by stock-in-trade, book debts, plant and machinery, fixed deposits, and moveable assets on a pari passu basis. The company confirmed that no special rights were granted to HDFC Bank, there is no shareholding involved, and the transaction is not a related party one. This enhancement suggests the company is gearing up for higher working capital needs, likely tied to expanded business activity.
For shareholders, this signals business expansion plans and increased operational capacity, but also adds to the company's debt and interest obligations. The full INR 40 crore is currently outstanding, slightly raising leverage though the facility remains backed by tangible assets.