Neeraj Paper Marketing Ltd — Important, 06-04-2026: Company Update
06-04-2026 | 05:02 pm
06-04-2026 | 05:02 pm
Neeraj Paper Marketing has bolstered its financial position by fully repaying a Rs. 1.25 Crore term loan from Union Bank of India, effectively reducing its debt obligations. Concurrently, the terms of its Rs. 8.50 Crore Cash Credit Limit facility have been modified. This favorable change includes the release of a commercial property previously held as collateral, freeing up a valuable asset for the company. Additionally, the calculation for drawing power now considers book debts up to 120 days, which can enhance the company's operational liquidity and financial flexibility.
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