Dev Labtech Ventures Secures ₹2.1 Cr Credit Facility from HDFC Bank

Dev Labtech Venture Limited has executed a Master Facility Agreement with HDFC Bank for credit facilities amounting to ₹2.10 crore. This facility is intended for working capital requirements. The agreement was signed on September 5, 2026. The loan is an Overdraft Against Property - Manufacturers (ODAP-MFRS) with a floating interest rate of 8.9% per annum. The tenure is 12 months, repayable on demand and subject to annual renewal. Primary security includes Residential and Commercial Property, with collateral security covering PG, Stock, and Debtors. The company confirmed no related party transactions or special rights for HDFC Bank.