Abril Paper Tech Limited has secured a working capital credit facility of up to ₹8 crore from ICICI Bank. The company’s Board of Directors approved the arrangement during a meeting held on August 17, 2026, in Jolva, Gujarat.

The facility is intended to meet the company’s short-term operational funding requirements. This approval marks a routine corporate action aimed at ensuring adequate liquidity for ongoing business activities.

Board Meeting Details

The Board of Directors convened at 10:00 am and concluded its proceedings at 11:30 am. Alongside the banking facility, the board considered other business agendas and any additional matters with the permission of the Chairperson.

Vipul Karshanbhai Dobariya, Chairman and Managing Director, signed off on the disclosure. The information was filed pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the Numbers Show

The ₹8 crore facility represents a specific commitment to manage working capital cycles. As no prior credit facility amounts were disclosed in this filing, a comparative analysis of debt expansion or contraction is not possible. The focus remains on securing immediate operational liquidity through a formal banking arrangement.

Abril Paper Tech Limited concluded its third Annual General Meeting (AGM) on August 11, 2026, with shareholders approving the company’s financial results for FY26 and re-electing a key director. The meeting, held via Video Conferencing and Other Audio-Visual Means (OAVM), saw the adoption of the Audited Standalone Financial Statements for the year ended March 31, 2026. Additionally, members voted to re-appoint Ashvinbhai Laxmanbhai Lathiya as a Director liable to retire by rotation. The proceedings were conducted in compliance with Regulation 30 read with Para A (13) of Schedule III of the SEBI (LODR) Regulations 2015.

The meeting commenced at 3:03 p.m. (IST) and concluded at 3:22 p.m. (IST). E-voting remained open for 15 minutes post-meeting, ending at 3:37 p.m. (IST). The venue was deemed to be the company’s registered office in Jolva, Gujarat. Chairman and Managing Director Vipul Karshanbhai Dobariya presided over the session, confirming that the requisite quorum was present. The Board noted that no speaker registrations were received, resulting in no question-and-answer session during the proceedings.

Key Resolutions Passed

Shareholders voted on two ordinary business items via e-voting. The practice of proposing and seconding resolutions was waived due to the virtual format. The outcomes are summarized below:

Vipul Karshanbhai Dobariya informed members that the voting results would be announced within two working days and uploaded to the company’s website and NSDL’s portal. The results will also be intimated to the stock exchanges.

Auditor Observations and Governance

During the meeting, the Chairman addressed observations from the Corporate Affairs Report (CARO) regarding disputed statutory dues, providing the Board’s reply to these matters. He confirmed that there were no qualifications, observations, or comments from the Statutory Auditor or Secretarial Auditor that would have an adverse effect on the functioning of the Company.

Key personnel in attendance included Whole-Time Director Ashvinbhai Laxmanbhai Lathiya, Non-Executive Director Prince Lathiya, Independent Directors Mehul Narendrakumar Hingu and Urvashi Sandeep Dave, Company Secretary Mrs. Daxa Nilesh Boghara, and CFO Mr. Hiren Nakrani. CA Kishor K Haryani attended as the Statutory Auditor, while CS Nikita Shah served as the Secretarial Auditor and Scrutinizer.