Tapi Fruit Processing Limited Executes Term Loan Agreement with Indian Bank
Tapi Fruit Processing Limited announced the execution of a term loan agreement with Indian Bank, finalizing a financing facility under the 'IND ECLGS 5.0' scheme. The agreement was formalized on June 1, 2026.The facility provides Tapi Fruit Processing Limited with a total loan size of 59.86 Lakh. The terms established under the agreement include an annual rate of interest set at 8.70%, with a tenure of 48 Months following a 12 Month moratorium period.
The loan is structured between Tapi Fruit Processing Limited, which acts as the Borrower, and Indian Bank, the Lender.
Loan Details and Security
The financing arrangement is secured by multiple assets, providing robust backing for the term loan facility. The primary security provided to the lenders includes the Hypothecation of Goods, Produce, Merchandise, and Stock stored or to be stored in the company’s premises located at Block No 124-125, Plot No 17-A, Opp. Gupta Industries, N.H. No 8, Pipodara Tal. Magrol, Dis. Surat-394110, Gujarat.Additionally, the collateral for the loan includes the Extension of Encumbrance Mortgage (EM) covering the Factory Land and Building situated at Sub Plot No. 17/A, 17/A-2 & 17/A-3, Block No. 124-125, Pipodara, Surat.
The key financial and contractual details of the agreement are summarized below:
| Parameter | Detail |
|---|---|
| Lender | Indian Bank |
| Borrower | Tapi Fruit Processing Limited |
| Purpose of Loan | Availing Term Loan facility under 'IND ECLGS 5.0' |
| Loan Size | 59.86 Lakh |
| Rate of Interest | 8.70% |
| Tenure | 48 Months after 12 Months Moratorium Period |
| Primary Security | Hypothecation of Goods, Produce, Merchandise, and Stock at Pipodara, Surat |
| Collateral | Extension of EM of Factory Land and Building at Pipodara, Surat |
TAPIFRUIT Stock Price Movement
Shares of Tapi Fruit Processing Limited are maintaining their current value at ₹55.2 as of 1:11 PM in live trading. The equity currently stands well above its 52-week low, which reached ₹54.9.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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