Divyadhan Recycling Secures Working Capital Term Loan of Up To Rs 1.75 Crore from Axis Bank
Divyadhan Recycling Industries Limited has secured a Working Capital Term Loan facility from Axis Bank Limited, which is intended to meet the company’s working capital requirements and support ongoing business operations. The approval for this financial assistance was granted by the Board of Directors at its meeting held on June 29, 2026.The financial assistance was sanctioned by Axis Bank Limited via a Sanction Letter dated June 24, 2026. This loan agreement, which amounts up to Rs 1,75,00,000/-, is designed to help the company manage its working capital needs while supporting business growth.
The transaction involves Axis Bank Limited, MWBC New Delhi Branch. The terms of the agreement stipulate that the loan is secured by hypothecation and mortgage or charge over the Company’s assets as required per the sanction terms. Crucially, no special rights such as board representation or equity-related rights were granted to the Bank.
The transaction has been confirmed not to be a related party deal, and Axis Bank Limited has no relationship with the company's promoter or promoter group.
Key details regarding the loan agreement are summarized in the table below:
| Particular | Details |
|---|---|
| Lender | Axis Bank Limited, MWBC New Delhi Branch |
| Borrower | Divyadhan Recycling Industries Limited |
| Nature of Loan | Working Capital Term Loan |
| Loan Amount | Rs 1,75,00,000/- (Rupees One Crore Seventy-Five Lakhs Only) |
| Sanction Letter Date | June 24, 2026 |
| Security Provided | Hypothecation/mortgage/charge over Company's assets as per sanction terms |
| Special Rights Granted | None (No board representation or equity-related rights) |
DIVYADHAN Stock Price Movement
Today, shares of Divyadhan Recycling Industries Limited edged higher to close at ₹50.25 after rallying 4.91%. The stock saw a volume of 32,000 shares during today’s trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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