Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we would like to inform you that company has executed term Loan Agreement with HDFC Bank Ltd dated 07.01.2026 towards setting ....
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Vippy Spinpro Ltd has signed a term loan agreement with HDFC Bank Ltd on January 7, 2026, for an amount of Rs. 20.83 crore (Rs. 208,350,000). The loan will fund the purchase of new machinery for capacity expansion at the company's facility in Dewas. Key terms include an interest rate of 7.65%, a tenure of 72 months (including a 12-month moratorium), and repayment in 20 quarterly instalments after the moratorium. Security for the loan includes a charge on plant and machinery, personal guarantees from promoters Piyush Mutha and Praneet Mutha, an exclusive charge on the company's 20,093 sq. meter industrial property in Dewas, and hypothecation of current assets. The loan is yet to be availed, and the transaction is not related party in nature.
The new debt of Rs. 20.83 crore is a moderate-sized funding for capacity expansion, signalling growth plans. While it increases leverage, the 12-month moratorium and 7.65% interest rate are favourable terms, and the expansion could support future revenue growth.