Loan & Debt25 Jun 2026, 05:50 pm
Plaza Wires Ltd Secures ₹4.8 Cr Working Capital Loan
AI Summary
Plaza Wires Limited has entered into a Loan Agreement dated June 25, 2026, with Punjab National Bank for a Working Capital Loan (WCTL) of ₹4,81,95,000 (Four Crore Eighty One Lakhs Ninety Five Thousand Only). This loan is under the Emergency Credit Line Guarantee Scheme 5.0 and is intended to support the company's business operations. The agreement is secured by an unconditional and irrevocable Credit Guarantee from NCC and charges on existing securities. The company received the signed loan agreement on June 25, 2026.
Key Highlights
- Plaza Wires Ltd secured a working capital loan of ₹4.81 Cr.
- The loan is from Punjab National Bank under the ECLGS 5.0 scheme.
- Funds are designated for business operations.
- Loan is secured by credit guarantee and existing securities.
Price Impact
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