Quarterly Result6 April 2026 at 11:41 am
Neeraj Paper Marketing Ltd Repays Term Loan & Modifies Cash Credit Facility with Union Bank of India
AI Summary
Neeraj Paper Marketing Ltd has repaid a term loan of Rs. 1.25 crores from Union Bank of India and modified the terms of its Cash Credit Limit facility. The facility amount is now Rs. 8.50 crores, with the release of a commercial property and the consideration of book debts up to 120 days for drawing power calculations. No agreement has been executed between the lender and the company.
Key Highlights
- Repayment of term loan-union LAP of Rs. 1.25 crores from Union Bank of India
- Modification in terms of Cash Credit facility amounting to Rs. 8.50 crores
- Approval of the release of a commercial property in New Delhi
- Consideration of book debts up to 120 days for drawing power calculations
- No agreement executed between the lender and the company