Loan & Debt16 Aug 2025, 05:54 pm
Hindustan Organic Chemicals Ltd Secures Rs.100 Cr. Loan Agreement with State Bank of India
AI Summary
Hindustan Organic Chemicals Ltd has executed a loan agreement with State Bank of India to avail Fund based & non-fund based facilities amounting to Rs.100 Cr. The loan is intended to meet working capital requirements, with the first charge on the Current Assets of the Company. The loan agreement was executed on 16th August 2025.
Key Highlights
- Hindustan Organic Chemicals Ltd has secured a loan agreement with State Bank of India for Rs.100 Cr.
- The loan is intended to meet working capital requirements.
- The first charge on the Current Assets of the Company has been provided as security for the loan.
- The loan agreement was executed on 16th August 2025.