Loyal Textile Mills Ltd becomes debt free

Loyal Textile Mills Ltd had term loan outstanding of Rs.52.98 Cr as on 31st March 2021 availed from Banks and Financial Institution. The company have repaid entire Term loans on 18 November 2021 including payment of Rs.27.59 Cr in advance which is otherwise due for repayment between 19th November 2021 and end September 2022.

Now, the Company has reached the status of Zero debt company (Term Loan).

Shares of LOYAL TEXTILE MILLS LTD. was last trading in BSE at Rs. 942.85 as compared to the previous close of Rs. 951.50. The total number of shares traded during the day was 1970 in over 171 trades.

The stock hit an intraday high of Rs. 1008.90 and intraday low of 936.00. The net turnover during the day was Rs. 1894336.00.

Source : Equity Bulls

Keywords

LOYALTEXTILEMILLSLTD INE970D01010 Textiles DebtRepayment DebtFree