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Loan & Debt30 Jul 2026, 06:50 pm

Growington Ventures Approves Overdraft Facility Up To ₹1.89 Cr

AI Summary

Growington Ventures India Ltd announced that its Board of Directors, in a meeting held on July 30, 2026, approved availing an overdraft facility of up to ₹1,89,00,000 from ICICI Bank. This facility will be secured against a fixed deposit not exceeding ₹2,10,00,000. Mr. Vikram Bajaj, Director, has been authorized to complete all necessary formalities. The board meeting took place at the company's registered office in Navi Mumbai and lasted for 50 minutes.

Key Highlights

  • Board approved overdraft facility up to ₹1.89 Cr.
  • Facility secured against fixed deposit up to ₹2.10 Cr.
  • ICICI Bank is the lending institution.
  • Director authorized to complete formalities.
  • Board meeting held on July 30, 2026.