
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.
Price Impact
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