My Companies
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Board approved and executed Rs25.10 Cr short-term and long-term working capital facility with Punjab National Bank on 2 Nov 2026 to meet working capital needs. Outstanding nil. Adds second bank working-capital line for payables-funded consignment trading. Reuses same promoter-family guarantees, corporate guarantee and family-property mortgages, confirming entanglement. Lifts working-capital headroom for receivables-heavy growth but adds leverage on thin margins. Interest, tenure, charge ranking and shareholder-approval linkage not disclosed.
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