Loan & Debt3 Jun 2026, 04:51 pm
Qualitek Labs Secures ₹91.31 Cr Credit Facility from HDFC Bank
AI Summary
Qualitek Labs Ltd announced that its Board of Directors has approved credit facilities totaling Rs. 91.31 Crores from HDFC Bank Limited. The approval, granted at a meeting held on June 3, 2026, includes term loans, bank guarantees, cash credit, capex facilities, and letters of credit. The company has executed the necessary loan and security documents, including the creation of security over specific industrial buildings in Panchkula and a property in Noida, along with corporate/personal guarantees from related entities. This move aims to bolster the company's financial resources.
Key Highlights
- Board approved Rs. 91.31 Cr credit facility from HDFC Bank.
- Facility includes term loans, guarantees, and credit lines.
- Security provided over company and third-party assets.
- Corporate and personal guarantees also furnished.
- Enhances company's financial flexibility and borrowing capacity.
Price Impact
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