Unisem Agritech Shifts Banking Facilities to Karnataka Bank for ₹21.69 Cr

Unisem Agritech Ltd has announced the shifting and takeover of its existing banking facilities from Federal Bank Limited to Karnataka Bank Limited. The Board of Directors approved this proposal on May 25, 2026, and the necessary loan and security documents were executed on June 30, 2026. The new banking arrangements include term loans totaling ₹4.17 Crores, a DPN loan of ₹3.92 Crores, and an overdraft facility of ₹13.60 Crores, aggregating to ₹21.69 Crores. The company cited better banking services, enhanced operational efficiency, and improved banking support as reasons for the change. Unisem Agritech expects no adverse impact on its business operations, anticipating that the new arrangement will strengthen its banking relationships and facilitate working capital management.