Mangalam Organics Ltd

💰 Mangalam Organics Secures ₹12 Crore Working Capital Loan from Axis Bank

- Mangalam Organics secured a ₹12 Crore working capital loan from Axis Bank.

- Loan approved by Board on November 29, 2025, with a 90-day tenure.

- Interest rate set at 10.75% per annum (1 Year MCLR + 2.00%), payable monthly.

- Secured by a 10% Fixed Deposit, lien marked in favor of Axis Bank.

- Funds to support ongoing working capital needs and operational liquidity.

- Loan agreement executed on December 02, 2025.

- Transaction is arm's length, no special rights granted to the lender.