Aeron Composite Limited — Important, 26-02-2025: Agreements

Aeron Composite Limited has entered into a loan and guarantee agreement with HDFC Bank Limited to finance the acquisition of a vehicle, specifically an ACE 14Tn Hydra, for business purposes. The agreement has a total value of ₹22.52 lakh and carries a floating interest rate of 9.02% per annum over a tenor of 37 months. The company has provided the vehicle being purchased as security for the loan. This step reflects the company's continued growth strategy, with the acquisition intended to enhance operational capabilities. Investors should monitor this development as it could positively impact the company’s efficiency and service delivery.