Morepen Laboratories Ltd

Debt & Borrowing

Morepen Laboratories Debt & Borrowing: ₹30 Cr

Morepen Laboratories Limited has secured a ₹30 Crore unsecured term loan from Shinhan Bank. The facility carries an interest rate of 7.60% (Repo + 2.35% spread) with a 36-month tenure. The funds will be utilized for general business purposes, with repayment in 10 quarterly instalments after a 6-month moratorium.

Value

₹30.00 Cr

Execution

36 months

Debt & Borrowing

Morepen Laboratories Debt & Borrowing: ₹30 Cr

Morepen Laboratories Limited has secured a ₹30 Crore unsecured term loan from Shinhan Bank for general business purposes. The facility has a tenure of 36 months with a 6-month moratorium and is backed by a personal guarantee from the Chairman. This financing strengthens the company's liquidity position.

Value

₹30.00 Cr

Execution

36 months

Regulatory ApprovalAlfa AlertAn Alfa Alert is ALFA Finder's top-priority alert: filings that can move a stock, such as orders, fund raises and approvals, sent to subscribers on Telegram within seconds of reaching the exchange.

Morepen Laboratories Regulatory Approval

Morepen Laboratories successfully cleared a USFDA inspection at its Masulkhana, Himachal Pradesh API facility with zero observations (NIL Form 483). This marks the company's fourth consecutive successful inspection over eight years. The clearance reinforces Morepen's quality compliance for exporting APIs to regulated markets including the US and Europe.