Morepen Laboratories Limited, in a regulatory filing on Monday, November 10, 2025, announced that its Finance Committee has approved an unsecured term loan facility of Rs 50 crore from Kookmin Bank.
Loan details
The unsecured loan carries an interest rate of Repo Rate + 2.20% per annum (the current repo rate being 5.50%) and comes with a tenure of three years. Repayment will be made on a quarterly basis after a one-year moratorium period from the first drawdown date.
The loan will be used for general corporate purposes, the company said in its filing.
Guarantee and existing borrowings
Promoter, Chairman and Managing Director Mr. Sushil Suri has extended a personal guarantee for the facility. The company also disclosed that its total outstanding borrowings stood at Rs 138.87 crore as of November 10, 2025, including vehicle loans of Rs 7.05 crore and accrued interest.
The agreements with Kookmin Bank were executed on the same date — November 10, 2025 — as per the company’s intimation to the exchanges.
Disclaimer: The information presented is based on the company’s official stock exchange filing and is intended solely for informational purposes. It should not be considered financial or investment advice.
