Autofurnish Ltd Avails ₹101 Crore Cash Credit Facility

Autofurnish Limited has secured a Cash Credit facility of up to ₹10,10,00,000 (₹10.10 Crore) from State Bank of India, SME Manesar Branch. This facility aims to support the company's working capital needs. As part of this arrangement, Autofurnish will transfer its existing fund-based facility of ₹5,00,00,000 (₹5 Crore) from Axis Bank to State Bank of India. The new cash credit facility has a tenure of 365 days per tranche and an interest rate of 8.60%. The security provided for this facility includes the company's stock and debtors' receivables.