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Grover Jewells Limited approved a loan/credit facility from Axis Bank amounting to Rs. 23 Crore. This board outcome secures additional credit for the company.
Grover Jewells Ltd's board approved a working capital term loan of Rs 1.15 Crore from ICICI Bank. The facility enhances liquidity under the Emergency Credit Line Guarantee Scheme.
Grover Jewells Limited informed the exchange that it does not qualify as a 'Large Corporate' for the financial year ended March 31, 2026. The company meets the listing criteria but falls below the borrowing and credit rating thresholds. Consequently, the mandatory framework for fund raising via debt securities is not applicable.
Grover Jewells Limited's Board has approved an increase in its borrowing limit from ₹5.8 Crore to ₹30 Crore. The enhanced credit facility is intended to meet the company's working capital requirements and support operational liquidity.