Ecoboard Industries Ltd Secures ₹ 10 Crores Cash Credit and ₹ 5 Crores Bank Guarantee Facility from Indian Overseas Bank

Ecoboard Industries Ltd has entered into a Loan Agreement with Indian Overseas Bank, availing a Cash Credit Facility of ₹ 10,00,00,000 and a Bank Guarantee Facility of ₹ 5,00,00,000. The existing banking facilities with Union Bank of India, including a Bank Guarantee facility of ₹ 1,98,00,000 and a Cash Credit facility of ₹ 2,00,00,000, have been fully repaid and closed. The new facilities will be used for working capital and business operational funding. The loan agreement was executed on March 30, 2026, with the Company providing a registered mortgage of its land and hypothecation of stock and book debts as security.