Loan & Debt24 Jun 2025, 06:31 pm
Tirupati Starch & Chemicals Ltd Enhances Working Capital Loan Facility to INR 40 Crore with HDFC Bank
AI Summary
Tirupati Starch & Chemicals Ltd has executed a supplementary deed of hypothecation with HDFC Bank Limited for enhancing the Working Capital Loan Facility to INR 40 Crore. The loan facility will be used for working capital requirements. The agreement does not grant any special rights to either party and is not a related party transaction. The loan is a cash credit working capital loan with INR 40 Crore granted and outstanding. The security provided for the loan includes stock in trade, book debts and receivables, plant and machinery, and fixed deposits.
Key Highlights
- Tirupati Starch & Chemicals Ltd enhances Working Capital Loan Facility to INR 40 Crore
- Loan facility used for working capital requirements
- No special rights granted to either party
- Loan is not a related party transaction
- Security provided includes stock in trade, book debts and receivables, plant and machinery, and fixed deposits