Morepen Laboratories Limited — Important, 23-05-2025: Memorandum of Understanding/Agreements

Morepen Laboratories has secured Rs 50 Cr in working capital loans from Qatar National Bank, backed by a personal guarantee from the MD. This boost will support operations and export financing, easing liquidity pressures. Current debt stands around Rs 83.87 Cr (excluding vehicle and FD-backed loans). Loan tenors go up to 180 days with varying interest rates. This funding move should help Morepen manage working capital more efficiently amid ongoing business demands.