Godavari Drugs Approves Rs 34 Crore ICICI Working Capital Limits

Board approved availing working capital limits of up to Rs 340 Million from ICICI Bank under 12 Oct 2026 credit letter, with security creation; MD authorised to execute documents. Sizeable for a small API maker already levered for facility ramp with heavy working capital and thin cover; follows earlier short-term ICICI facility that matured without update. Increases leverage and interest burden ahead of stabilisation-led ramp; whether this refinances earlier facility, tenure, pricing, security and use of earmarked promoter funds remain undisclosed.