Plaza Wires Ltd. Secures ₹4.82 Crore Working Capital Loan from PNB under ECLGS 5.0
Plaza Wires Limited secured a ₹4.82 Crore working capital loan from Punjab National Bank under ECLGS 5.0. The loan agreement was executed on June 25, 2026, and is secured by CGTMSE guarantee and charges on existing and new assets. The funds are intended for business operations.
The loan amount, while significant, is a working capital facility and does not represent a major strategic shift or a large capital expenditure. Its impact is primarily on operational liquidity.
The company has secured a new loan facility which will support its business operations, indicating a positive development for its financial flexibility and growth prospects.
Plaza Wires Limited has entered into a Loan Agreement with Punjab National Bank (PNB) for a Working Capital Term Loan (WCTL) under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The agreement, dated June 25, 2026, was signed and received by the company on the same day.
The purpose of this loan is to support the business operations of the company. The total amount sanctioned for the loan is ₹4,81,95,000 (Four Crore Eighty-One Lakhs Ninety-Five Thousand Only).
As security for the loan, Plaza Wires Limited will provide an unconditional and irrevocable Credit Guarantee from the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Additionally, the loan will be secured by a charge on existing securities (both primary and collateral) and on assets created from the loan proceeds. The company has confirmed that the counterparty, Punjab National Bank, is not related to its promoters, promoter group, or group companies, and the transaction does not fall within related party transactions.
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Plaza Wires Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Plaza Wires Limited. Read the original for the full detail.