Loan & Debt19 Jun 2026, 08:30 pm
Pajson Agro India Enhances Credit Facility by ₹27.5 Cr
AI Summary
Pajson Agro India Limited has secured an enhancement in its credit facilities from Kotak Mahindra Bank Ltd. The total enhancement amounts to ₹27.50 crore, comprising ₹7.50 crore for Working Capital Demand loan/Letter of credit and ₹20.00 crore for a Term loan. The sanction letter was dated March 31, 2026. The security provided for these facilities includes a first and exclusive charge on all existing and future current assets, as well as all existing and future movable fixed assets, plant, and machinery of the borrower. This move is expected to support the company's working capital needs and long-term financing requirements.
Key Highlights
- Pajson Agro India secures ₹27.5 Cr credit facility enhancement.
- Facility includes ₹7.5 Cr for working capital and ₹20 Cr term loan.
- Kotak Mahindra Bank is the lender for the enhanced credit.
- Security involves a charge on current assets and fixed assets.
Price Impact
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