Apt Packaging Renews & Enhances Credit Facilities by ₹180 Lakhs

Apt Packaging Ltd has secured a renewal and enhancement of its credit facilities from Punjab National Bank, increasing the total sanctioned amount from ₹366.99 lakh to ₹546.99 lakh. This represents a net enhancement of ₹180.00 lakh. The primary increase is in the Cash Credit facility, which has been revised from ₹195.00 lakh to ₹500.00 lakh. The Non-Fund Based facility has been reduced from ₹125.00 lakh to nil. The enhanced Cash Credit facility will be utilized for general business and working capital requirements. The renewal is subject to standard terms and conditions stipulated by the bank.