Loan & Debt25 Jun 2026, 04:41 pm
ACS Technologies Ltd Secures ₹4.09 Cr Working Capital Loan
AI Summary
ACS Technologies Ltd announced that its Board of Directors has approved availing an additional working capital term loan of ₹4.09 crore from HDFC Bank Limited under ECLGS 5.0. This facility, secured by existing securities, will increase the company's total banking facilities to ₹48.74 crore. The board also constituted a Corporate Social Responsibility Committee for the financial year commencing 2026, comprising Mr. Neti Srinivasan (Chairperson), Mr. Ashok Kumar Buddharaju, and Mrs. Anitha Alokam. The meeting took place on June 25, 2026, from 12:00 PM to 4:30 PM.
Key Highlights
- Approved additional working capital term loan of ₹4.09 crore from HDFC Bank.
- Total banking facilities to increase to ₹48.74 crore upon availing the loan.
- Established a Corporate Social Responsibility Committee for FY 2026.
- CSR Committee members include Mr. Neti Srinivasan, Mr. Ashok Kumar Buddharaju, and Mrs. Anitha Alokam.
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