EPW India Secures Rs 35 Crore Working Capital Facility From ICICI Bank

Board approved Rs 35 Cr cash credit plus working capital term loan from ICICI Bank on 23 Sep 2026; 180-day tranches at 8.15% secured by current and movable assets. Facility is large relative to the small refurbished-led revenue base and extends reliance on bank debt to fund inventory and receivable build that has kept operating cash flow negative. Raises leverage and encumbers current and movable assets; short revolving tenor implies repeated rollover needs while utilisation, repayment source and covenants remain undisclosed.