ALPHA TRIBE

Anlon Technology Solutions LimitedImportant, 24-01-2025: General Updates

24-01-2025 | 08:20 pm

Anlon Technology Solutions Limited has enhanced its working capital loan through a new agreement with State Bank of India. The facility now totals ₹19.80 crore (cr), comprising ₹7.50 cr in fund-based and ₹12.30 cr in non-fund-based facilities. This increase expands on existing limits secured by a mortgage deed dated January 23, 2025, which originally included ₹5.00 cr in loans.

The enhancement is supported by hypothecation of current assets such as raw materials and finished goods, along with securing immovable properties located in Bangalore. This strategic move will strengthen liquidity and support operational needs. Investors should monitor this development closely for its potential to enhance financial stability and operational growth.

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