Yash Innoventures Secures ₹1.53 Cr Loan Facility

Yash Innoventures Limited's Board of Directors has approved availing a secured loan facility of up to ₹1,53,00,000 from Cholamandalam Investment and Finance Company Limited (CIFCL). The loan will be disbursed in one or more tranches at an interest rate not exceeding 10.50% per annum for a tenure of up to 168 months. As security, the company will create a mortgage over its immovable property located in Ahmedabad, Gujarat. The Managing Director has been authorized to finalize loan terms and execute necessary documents. This move aims to support the company's operational and financial needs.