Plaza Wires Secures Rs 4.81 Crore Loan from Punjab National Bank for Working Capital Needs
Plaza Wires Limited has entered into a loan agreement with Punjab National Bank (PNB) to secure financing for its business operations. The transaction, executed on June 25, 2026, involves the company obtaining a Working Capital Loan (WCTL).The loan is specifically intended to assist in the Company's daily business needs under the Emergency Credit Line Guarantee Scheme 5.0.
Plaza Wires Limited secured the agreement from PNB, with the financial details of the transaction summarized as follows:
| Aspect | Details |
|---|---|
| Borrower | Plaza Wires Limited |
| Lender | Punjab National Bank |
| Date of Execution | June 25, 2026 |
| Purpose of Loan | Working Capital Loan (WCTL) under Emergency Credit Line Guarantee Scheme 5.0 for business operations |
| Amount of Loan Granted | Rs 4,81,95,000/- (Four Crore Eighty One Lakhs Ninety Five Thousand Only) |
The loan agreement structure includes significant security provisions to back the facility. Security provided to PNB encompasses an unconditional and irrevocable Credit Guarantee from NCC (National Credit Guarantee Trust). Additionally, the arrangement involves MSME's Charge on existing securities as well as on assets created out of this specific loan.
The transaction involved no related party involvement, with Plaza Wires Limited identified as the Borrower and Punjab National Bank serving as the Lender in the agreement.
PLAZACABLE Stock Price Movement
On Thursday, shares of Plaza Wires Limited shed 0.97% to settle at ₹47.05. The stock traded a volume of 17,607 shares during the day.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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