DRA Consultants Board Approves Renewal of Credit Facilities with ICICI Bank

DRA Consultants Limited announced the approval of renewed credit facilities with ICICI Bank following a board meeting held on July 24, 2025. The decision, which aims to strengthen the company's financial position, was made during a brief 30-minute session that commenced at 11:00 AM.

Credit Facility Details

The Board of Directors has given the green light for the renewal of various credit arrangement facilities with ICICI Bank. These facilities include:

• Bank Guarantees
• Cash Credit (CC) Limits
• Overdraft (OD) Limits

The approval also encompasses provisions for potential future amendments to the credit arrangement, allowing for flexibility as the company's needs evolve.

Corporate Governance

The meeting's outcome was promptly communicated to the Bombay Stock Exchange (BSE) in compliance with regulatory requirements. Ravina Modi, the Company Secretary & Compliance Officer, signed the official communication to the stock exchange.

Company Overview

DRA Consultants Limited, with its registered office in Nagpur, Maharashtra, is incorporated under CIN L93090MH2009PLC192183. The company continues to manage its financial strategies to support its operations and growth initiatives.

This renewal of credit facilities with ICICI Bank suggests that DRA Consultants is taking proactive steps to maintain its financial flexibility and support its business activities. Shareholders and market observers will likely keep a close eye on how these credit arrangements may impact the company's future financial performance and strategic initiatives.