Pan Electronics India Ltd. Repays Loan to Punjab National Bank
Pan Electronics India Ltd. announced on April 2, 2026, the repayment of a loan obtained from Punjab National Bank. The repayment concludes the loan obligation.According to a filing, the original loan comprised a Cash Credit facility of Rupees One Crore and a Term Loan of Rupees Three Crore Seventy One Lakhs Five thousand. The loan was modified on July 18, 2025, reducing the total loan amount to Rupees 3,21,05,000. The initial loan agreement was established on June 14, 2019.
The Cash Credit facility was secured by a charge on current assets including stock, book debts, and raw materials. The Term Loan was secured by the hypothecation of machinery.
The company stated that the loan repayment will have no material impact on its financial performance or operations.
| Particulars | Details |
|---|---|
| Name(s) of parties | Punjab National Bank ('the lender') and Pan electronics India Limited ('the borrower') |
| Nature of disclosure | Repayment and closure of loan |
| Original loan amount (As on 14-06-2019) | Cash Credit: Rupees One Crore; Term Loan: Rupees Three Crore Seventy One Lakhs Five thousand |
| Loan amount after modification (as on 18.07.2025) | Rupees 3,21,05,000 |
| Date of loan agreement | 14-06-2019 |
| Date of repayment | 02-04-2026 |
| Security | Cash Credit: Charge on entire Current Assets; Term Loan: Hypothecation of Machineries Purchased |
| Impact on the Company | No material impact on financial or Operations |
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