Pajson Agro lands second bank line in months, a ₹30 crore facility from HSBC
What's the deal? Pajson Agro IndiaDealroom has a profile for this one. Try Dealroom → has secured a working-capital credit facility of up to ₹30 crore (about $3.1 million) from HSBCDealroom has a profile for this one. Try Dealroom → Banking Corporation Limited. The company's board approved the secured financing on July 3, 2026.
The details: The facility includes a letter of credit of ₹20 crore and is earmarked for working-capital needs. HSBC will hold a pari-passu charge alongside Kotak Bank on the cashew processor's fixed assets, receivables, and inventories.
Why now? This is a quick re-raise. Pajson only recently secured an enhanced ₹27.5 crore facility from Kotak Mahindra BankDealroom has a profile for this one. Try Dealroom →, split between a ₹20 crore term loan and a ₹7.5 crore working-capital and letter-of-credit line.
What's the endgame? The listed processor is in an aggressive scale-up phase following its IPO, funding a second cashew-processing facility costing roughly ₹74.45 crore. That plan draws on IPO proceeds, bank debt, and internal accruals — making fresh credit lines central to its expansion.
What could go wrong? Stacking bank debt across two lenders raises leverage as the company moves from IPO to capacity growth. Its shares closed at ₹177.10 on Friday, down 1.61%.
The signal: The HSBC line is a modest but telling data point. It reflects mainstream banks' growing appetite to finance mid-sized, export-oriented agri processors as they scale — and HSBC India's broader push to build out its agriculture and rural-finance book.
Read more: investoomarket.com
Image credit: USDAgov
