StockWatch
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2/3 Wheelers
Loan & Debt30 Jun 2026, 08:10 pm

Wardwizard secures ₹16 Cr ECLGS credit facility from HDFC Bank

AI Summary

Wardwizard Innovations & Mobility Ltd's Board of Directors, in a meeting held on June 30, 2026, approved availing a credit facility under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The company has secured a Working Capital Term Loan (WCTL) of INR 160,000,000 from HDFC Bank Limited. The loan carries an interest rate of 8.95% and was executed on the same date. This facility aims to provide essential working capital support for the company's operations.

Key Highlights

  • Board approved ₹16 Cr ECLGS credit facility.
  • Loan secured from HDFC Bank at 8.95% interest.
  • Facility is a Working Capital Term Loan.
  • Provides financial support for company operations.