MIMachhar Industries543934Credit drawdown notice

Vehicle loan agreement executed with HDFC Bank; facility up to Rs. 42.50 Lakhs

Machhar Industries has entered into a Loan Cum Hypothecation Agreement with HDFC Bank (Aurangabad branch) for a vehicle loan.

By ScoutQuest · Tue 13 Oct 2026, 12:14 PM IST · 2 min read

Vehicle Loan Facility Limit

up to Rs. 42.50 Lakhs

Actual Loan Granted / Disbursed

Rs. 41.97 Lakhs

Security Provided

hypothecation of a BYD Sealion 7 Dynamic EV four wheeler

Machhar Industries has informed the exchange that it has entered into a vehicle loan agreement with HDFC Bank Ltd.

What was signed

• A "Loan Cum Hypothecation Agreement" between Machhar Industries Ltd, as Borrower, and HDFC Bank Ltd, Aurangabad branch, as lender.
• Sandeep Bhagwatiprasad Machhar is named as Co-Borrower in the disclosure.
• The agreement was executed on 12th Oct, 2026.

How much is the facility

• The vehicle loan facility is for an amount up to Rs. 42.50 Lakhs.
• The actual loan granted / disbursement is Rs. 41.97 Lakhs.
• The stated purpose is purchasing a vehicle, and the nature of the loan is described as a Loan Cum Hypothecation Agreement.

What the bank holds as security

• The security provided to the lender is hypothecation of a four wheeler — model BYD Sealion 7 Dynamic EV, manufactured by BYD India Pvt Ltd.
• Hypothecation here means the financed vehicle itself is charged to the bank as security for the loan.

Other points disclosed

• HDFC Bank's shareholding in the entity it has contracted with is NIL.
• The parties are not related to the promoter, promoter group or group companies.
• The transaction does not fall within related party transactions.
• The facility does not contain special rights such as a right to appoint directors, a first right to share subscription in case of issuance of shares, or a right to restrict any change in the capital structure — stated as Nil.

How a reader can look at it

• This is a financing arrangement for a vehicle, taken by the company from a bank.
• It adds a borrowing on the company's books, while creating a charge on the vehicle being purchased with it.
• The loan is between the company and HDFC Bank; the bank does not get a stake in the company or any special rights over its capital structure.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev