Lords Chloro Alkali Limited — Important, 03-12-2024: Agreements

Lords Chloro Alkali Limited has secured a new fund-based limit of ₹30.00 crore through a loan agreement with HDFC Bank. This facility aims to support the company's business requirements. The loan agreement entails an exclusive charge on all movable fixed assets, a personal guarantee from Mr. Madhav Dhir, and a similar charge on current assets, including ongoing solar projects. The manufacturing facility located at Plot No. SP-460, RIICO Industrial Area, M.L.A Alwar, is also included in the agreement's security. This strategic financing move signals positive growth prospects for the company, enabling it to enhance operations and meet increasing market demands. Investors should watch closely as this funding could fuel potential expansion initiatives.