
Loan & Debt25 Jun 2026, 04:50 pm
ACS Technologies 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 will be secured by existing securities and will increase the company's total banking facilities to ₹48.74 crore. Additionally, the board approved the constitution of a Corporate Social Responsibility Committee for the financial year commencing 2026, with Mr. Neti Srinivasan as Chairperson, Mr. Ashok Kumar Buddharaju as Member, and Mrs. Anitha Alokam as Member. The meeting took place on June 25, 2026.
Key Highlights
- Company secures ₹4.09 crore working capital term loan from HDFC Bank.
- Total banking facilities to increase to ₹48.74 crore upon availing the loan.
- New Corporate Social Responsibility Committee formed for FY 2026.
- Loan facility secured by extension of existing securities.
Price Impact
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