Gujjubhai Industries Increases Cash Credit Facility Limit from State Bank of India
Gujjubhai Industries Ltd, previously known as Sumuka Agro Industries Limited, has approved a significant increase in its Cash Credit Facility limit with the State Bank of India. The company confirmed that its Board of Directors sanctioned the enhancement following a meeting held on July 03, 2026.
The corporate decision involves modifying Charge ID 101041544 related to the facility provided by the SME Jayanagar branch of the State Bank of India.
Under the approval, Gujjubhai Industries has increased its Cash Credit Facility limit from INR 4,95,00,000 to a new limit of INR 5,93,00,000.
The Board meeting concerning this financial modification commenced at 12:00 P.M. and concluded at 12:30 P.M. The successful approval of the expanded facility reflects the company's operational status and working capital requirements as managed by its management team.
Stock Price Movement
Gujjubhai Industries Ltd is currently dipping into the red at ₹125.00, reflecting a 3.59% slide as of 13:35. The shares have traded within an intraday range, moving between its lower support level at ₹125.00 and an earlier high of ₹131.00.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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