StockWatch
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Stockbroking & Allied
Loan & Debt22 Jul 2026, 02:04 pm

Gogia Capital Growth Ltd Avails ₹9 Cr OD Facility from ICICI Bank

AI Summary

Gogia Capital Growth Ltd has secured an Overdraft (OD) facility of ₹9,00,00,000 (Rupees Nine Crores) from ICICI Bank Limited, effective July 10, 2026. This facility is intended to support the company's working capital needs for its operations as a Trading Member and Depository Participant, as well as for proprietary trading activities. The OD facility is secured by a mortgage on a property owned by Mr. Ankur Gogia, the Managing Director. The company's Audit Committee approved the arrangement on July 6, 2026, and it will be presented to the Board of Directors for ratification. The company confirms no impact on promoter shareholding or equity dilution.

Key Highlights

  • Availment of ₹9 Cr OD facility from ICICI Bank.
  • Facility to fund working capital and proprietary trading.
  • Security provided by MD's property mortgage.
  • Audit Committee approved; Board ratification pending.
  • No impact on promoter shareholding or equity dilution.