Vilin Bio Med Limited — Important, 12-11-2024: Disclosure of material issue

Vilin Biomed Limited disclosed it has no outstanding loans or defaults, with total borrowings from banks and financial institutions amounting to ₹4.5 crores. The company currently has a cash credit facility from Punjab National Bank with a total sanctioned limit of ₹5.4 crores. There has been no amount outstanding against this facility, and it operates under secured terms, backed by stocks, book debts, and land and building. With a tenure of revolving facilities and an interest rate of 17% per annum, the financial health of the company appears stable, allowing for potential growth opportunities in the coming periods. Watch closely as the company navigates its operational landscape with these financial arrangements in place.