ALPHA TRIBE

Hindustan Organic Chemicals LtdImportant, 16-08-2025: Company Update

16-08-2025 | 05:44 pm

Hindustan Organic Chemicals Limited has executed a loan agreement with State Bank of India to secure Rs. 100 Cr in fund-based and non-fund-based facilities. This financing is specifically aimed at meeting the company's working capital needs and arranging bank guarantees. The loan is secured by a first charge on the company's current assets. This move is key to bolstering the company's operational liquidity and ensuring smooth day-to-day business functions, which is positive for its financial stability.

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