Board approves Rs. 17.9 Lakhs secured term loan from HDFC Bank for new machinery
Board approved a Term Loan Agreement dated 21st September, 2026 with HDFC Bank Ltd for a secured term loan of Rs. 17,90,000.
- Loan Amount
- Rs. 17,90,000
- Lender
- HDFC Bank Ltd
- Purpose
- purchase of new machinery/equipment
- Security Type
- hypothecation of motor vehicle to be purchased
- Agreement Date
- 21st September, 2026
What happened at the Autofurnish meeting?
🏦 What was approved
The Board of Directors, at its meeting held on September 21, 2026, approved a Term Loan Agreement dated 21st September, 2026 with HDFC Bank Ltd.
📋 Key details
- Lender: HDFC Bank Limited
- Nature: Secured Term Loan (Machinery – New)
- Amount sanctioned: Rs. 17,90,000 (Rs. 17.9 Lakhs)
- Purpose: purchase of new machinery/equipment
- Date of execution of loan agreement: 21.09.2026
- Security: hypothecation of motor vehicle to be purchased
🤝 Relationship checks
The lender is not related to the promoter, promoter group or group companies, and the transaction does not fall within related party transactions. No special rights, no share issuance and no board nominee are involved.
🕒 Meeting timing
The Board meeting commenced at 04:45 P.M. (IST) and concluded at 05:30 P.M. (IST). The company states it has no subsidiary companies.
💡 How to read it
This is a small-sized secured borrowing tied to buying an asset, so it adds a modest amount of debt while funding capacity/equipment. Investors typically watch how such borrowings translate into operations over time.
More numbers
- Term loan facility approvedRs. 17.9 Lakhs
- Total amount of loan sanctionedRs. 17,90,000
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