Pharmaids Pharmaceuticals Limited enters into loan agreement

Pharmaids Pharmaceuticals Limited has entered into a Loan Agreement dated 28-03-2025 for availing loan amount of up to Rs 10,00,00,000/- (Rupees Ten Crores Only) in one or more tranches from Dr. Shankarappa Nagaraja Vinaya Babu, Chairman and Non-Executive and Non Independent Director of the Company, for the purpose of working capital requirements, general business purpose and Repayment of loan & liabilities of the Company.

The Company received the signed copy of the loan agreement today on 28-03-2025 and accordingly, this intimation is being given to BSE today on 28-03-2025.

Shares of PHARMAIDS PHARMACEUTICALS LTD. was last trading in BSE at Rs. 68.67 as compared to the previous close of Rs. 67.17. The total number of shares traded during the day was 768 in over 28 trades.

The stock hit an intraday high of Rs. 69.00 and intraday low of 66.00. The net turnover during the day was Rs. 52014.00.

Source : Equity Bulls

Keywords

PHARMAIDSPHARMACEUTICALS INE117D01018 LoanAgreement