Mcon Rasayan India Limited Boards Approve Rs 2.5 Crore Ad Hoc Cash Credit Facility from Axis Bank
Mcon Rasayan India Limited announced that its Board of Directors convened on April 28, 2026, and approved the sanctioning of an ad hoc cash credit facility. The facility is provided by Axis Bank India Limited.During the meeting, the company considered and approved the ad hoc cash credit facility of Rs 2,50,00,000 (Rupees Two Crore Fifty Lakhs Only) from Axis Bank India Limited.
Details regarding the sanctioned facility highlight the operational nature of the loan and the existing financial structure.
| Particular | Detail |
|---|---|
| Name of Borrower | Mcon Rasayan India Limited |
| Name of Lender | Axis Bank India Limited |
| Nature of Loan | Working Capital Facility |
| Total amount of Additional Facility Granted | Ad Hoc Cash Credit - 2.50 Cr |
| Total amount of Existing Facility | 11.75 cr |
| Total amount outstanding | 11.75 cr |
| Date of Sanction Letter | 28.04.2026 |
| Details of securities provided | Existing Security as it is ad hoc cash credit loan and term for repayment is 3 months. |
The company reports that the Board Meeting, scheduled for Tuesday, April 28, 2026, was duly convened and concluded. Mcon Rasayan India Limited remains committed to its operations in construction chemicals.
MCON Stock Price Movement
Mcon Rasayan India Limited shares settled today at ₹48.5, closing flat with no change of 0.00% for the session. The stock saw steady trading action, recording a total volume of 17,000 shares.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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