Morepen Laboratories Limited — Important, 29-03-2025: Agreements

Morepen Laboratories Limited's Finance Committee has approved a term loan facility of ₹25 Crore from Shinhan Bank. The loan agreement includes a 9.25% p.a. floating interest rate, a tenure of 36 months, and requires repayment in 10 equal quarterly installments after a 6-month moratorium. This financing is aimed at supporting the company's general business purposes and is backed by a personal guarantee from Mr. Sushil Suri, the Promoter and Managing Director. This move could enhance the company’s operational capabilities, offering a positive outlook for investors despite existing debts of ₹48.50 Crore.