Dev Labtech executed a ₹2.10 Cr working capital facility with HDFC Bank at 8.9% floating interest. The 12-month overdraft is secured against residential and commercial property.
Value
₹2.10 Cr
Execution
12 months, repayable on demand, subject to annual renewal
The Board approved availing a Rs. 2.10 Crore credit facility from HDFC Bank and decided to withdraw the previously proposed strike-off of its US subsidiary.
Dev Labtech Venture Limited submitted an initial disclosure confirming it does not qualify as a 'Large Corporate' under SEBI criteria for FY 2026. The company reported outstanding borrowings of ₹2.30 Crore as of March 31, 2026. This regulatory filing ensures compliance with debt-raising framework disclosure norms for listed entities.
