Board Meeting22 Oct 2026, 05:10 pm
Creative Eye Ltd Approves ₹15.98 Cr Debt Facilities, CFO Resigns
AI Summary
Creative Eye Ltd announced that its Board of Directors has approved availing an Overdraft Facility of ₹7,98,00,000 (₹7.98 Crore) from Punjab National Bank and a Loan Against Property (LAP) of up to ₹8,00,00,000 (₹8.00 Crore). The LAP will be secured against the company's property and used for business operations and future projects. Additionally, the Board accepted the resignation of Mr. Sachin Devare as Chief Financial Officer (CFO), effective November 14, 2026, due to personal reasons and professional commitments.
Key Highlights
- Board approved ₹7.98 Cr overdraft facility from PNB.
- Board approved up to ₹8.00 Cr Loan Against Property.
- Loan proceeds to fund business operations and future projects.
- CFO Mr. Sachin Devare resigned, effective November 14, 2026.
- Resignation cited personal reasons and professional commitments.
Price Impact
More from CREATIVEYE
More in Board Meeting