Loan & Debt13 Jul 2026, 04:40 pm
HP Adhesives Ltd Approves ₹21.6 Million Working Capital Loan
AI Summary
HP Adhesives Ltd announced that its Board of Directors, in a meeting held on July 13, 2026, approved availing a Working Capital Term Loan (ECLGS) of ₹21.6 million from ICICI Bank Limited. The loan will be at an interest rate of 9% per annum with a total tenure of 5 years, including a 1-year moratorium on principal payments. The board meeting commenced at 04:00 p.m. and concluded at 04:30 p.m. This information has also been uploaded to the company's website.
Key Highlights
- Board approved Working Capital Term Loan (ECLGS) of ₹21.6 million.
- Loan secured from ICICI Bank Limited at 9% p.a.
- Loan tenure is 5 years with a 1-year principal moratorium.
- Board meeting held on July 13, 2026.
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