Loan & Debt4 Jul 2026, 09:30 am
Pajson Agro India Ltd Secures ₹30 Cr Credit Facility from HSBC Bank
AI Summary
Pajson Agro India Limited has announced availing of credit facilities aggregating up to ₹30 Crore from HSBC Bank. The approved facilities include a letter of credit amounting to ₹20 Crore. This move, approved by the Board of Directors on July 3, 2026, is intended for working capital and letter of credit purposes. The credit facility is secured, with HSBC Bank holding a pari-passu charge on the company's fixed assets, receivables, and inventories, alongside Kotak Bank.
Key Highlights
- Pajson Agro India Ltd secures ₹30 Cr credit facility from HSBC Bank.
- Facility includes a ₹20 Cr letter of credit for working capital.
- Board of Directors approved the credit facility on July 3, 2026.
- HSBC Bank has a pari-passu charge on company assets.
- This is a significant debt financing arrangement for the company.
Price Impact
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