Announced Tue, 30 Jun · 20:03 IST
Board approves INR 16 crore ECLGS 5.0 working capital loan from HDFC Bank
Price
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Price reaction · full curve 14 horizons · vs prior close
+6.8%1-day move
₹6.80
prior close
₹6.80
base price
After-mkt
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+0.6—+0.6+1.0+6.8+10.9+9.7+4.3+0.0+4.1+0.4———
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AI summary
The board of Wardwizard Innovations & Mobility approved availing a credit facility of INR 16 crore (1,60,00,00,000) from HDFC Bank under the ECLGS 5.0 Emergency Credit Line Guarantee Scheme. It is a Working Capital Term Loan with an interest rate of 8.95 percent, executed on 30 June 2026. The company states no related party connection with HDFC Bank and no special rights for the lender. The disclosure is filed under SEBI Listing Regulations.
Likely market impact
Adds INR 16 crore of working capital debt at 8.95 percent interest; supports liquidity but increases debt burden.