Board approves availing working capital limits up to Rs. 340.00 Million from ICICI Bank
The Board of Godavari Drugs Limited approved availing of working capital limits aggregating up to Rs. 340.00 Million (Rupees Three Hundred and Forty Million only) from ICICI Bank Limited.
By ScoutQuest · · 2 min read
- Working Capital Limit Approved
- up to Rs. 340.00 Million (Rupees Three Hundred and Forty Million only)
- Lender
- ICICI Bank Limited
- Credit Arrangement Letter Date
- 12th October, 2026
Working capital line of up to Rs. 340.00 Million
Godavari Drugs Limited has informed the exchange that its Board of Directors, at a meeting held on Wednesday, 14th October, 2026 at the Registered Office, considered and approved the availing of working capital limits aggregating up to Rs. 340.00 Million (Rupees Three Hundred and Forty Million only) from ICICI Bank Limited.
What the Board approved
- Availing of working capital limits aggregating up to Rs. 340.00 Million from ICICI Bank Limited, on the terms and conditions set out in the Credit Arrangement Letter dated 12th October, 2026 issued by the Bank.
- Together with such temporary overdraft facility and/or temporary accommodation as may be sanctioned by the Bank in case of exigencies.
- Creation of security for the said facilities in the manner stipulated by the Bank.
- Authorisation to Mr. Mukund Kakani, Managing Director (DIN: 00104646), to accept the Credit Arrangement Letter, negotiate, finalise and execute the facility and security documents, and to do all such acts, deeds and things as may be necessary to give effect to the above.
Where this sits
The update states that the said facilities are within the borrowing limits approved by the Members of the Company under Section 180(1)(c) of the Companies Act, 2013, by way of a Special Resolution passed at the Annual General Meeting held on 16th May, 2022.
How a retail reader can read this
Working capital limits are funds a company draws on to run day-to-day operations. The Board has approved taking such a facility from ICICI Bank Limited, and the security for it is to be created in the manner the Bank has stipulated. The pricing, tenure and other terms are those set out in the Bank's Credit Arrangement Letter dated 12th October, 2026. The meeting commenced at 04:00 p.m. and concluded at 04:30 p.m.
Key figure to note
- Limit approved: up to Rs. 340.00 Million from ICICI Bank Limited.
Also from Godavari Drugs
CIN revised after members approve alteration of Object Clause of Memorandum of Association
16 Oct 2026
More numbers
- Working capital limits approved from ICICI Bank LimitedRs. 340.00 Million
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