Autofurnish Ltd (544767)

Autofurnish Limited has approved the renewal/availing of an unsecured Overdraft (OD) facility of up to ₹1.00 crore from Tata Capital Limited for working capital needs. The facility carries an interest rate of 15% p.a. with a tenure of 48 months. Compared to the company's FY26 revenue of ₹39.01 crore and total debt of ₹12 crore, the facility adds modest working capital liquidity. Additionally, the Board appointed Ms. Nisha Nagarkoti as the new Company Secretary and Compliance Officer effective November 3, 2026.

• Approved renewal/availing of Overdraft Facility of up to ₹1,00,00,000/- (₹1 crore) from Tata Capital Limited
• Facility tenure set at 48 months with an interest rate of 15% p.a.
• No collateral security provided for the business/working capital facility
• Appointed Ms. Nisha Nagarkoti as Company Secretary and Compliance Officer effective November 3, 2026

Autofurnish Limited has entered into an agreement with State Bank of India to avail a Cash Credit facility of up to ₹10.10 crore at an interest rate of 8.60% per annum. The agreement executes a takeover and replacement of its existing ₹5.00 crore fund-based facility with Axis Bank. Relative to Autofurnish's FY26 revenue of ₹39.01 crore, the newly sanctioned limit represents roughly 25.9% of annual sales. The facility is secured against stock and debtors receivables with a maximum tenor of 365 days per tranche.

• Sanctioned Cash Credit facility of up to ₹10,10,00,000 from State Bank of India
• Interest rate fixed at 8.60% with a maximum tenor of 365 days per tranche
• Takeover of existing ₹5,00,00,000 fund-based CGTMSE facility from Axis Bank
• Facility secured against the company's stock and debtors receivable
• Agreement executed on 28th October 2026

Autofurnish Limited's Board has approved a term loan agreement dated September 21, 2026, to borrow ₹17.9 Lakhs (₹17,90,000) from HDFC Bank Limited. The secured loan will be deployed towards the purchase of new machinery and equipment. Given the company's FY26 revenue of ₹39.01 Cr and total debt of ₹12 Cr, the loan amount is immaterial at less than 0.1% of annual revenue and represents routine minor asset financing.

• Board approved a secured term loan agreement amounting to ₹17.9 Lakhs (₹17,90,000) from HDFC Bank Limited
• Loan agreement executed on September 21, 2026
• Proceeds designated for the purchase of new machinery/equipment
• Secured by hypothecation of motor vehicle/machinery to be purchased
• Board meeting commenced at 04:45 PM and concluded at 05:30 PM on September 21, 2026

Autofurnish Limited has published its 11th Annual Report for FY26 and scheduled its Annual General Meeting for September 25, 2026. For FY26, consolidated revenue from operations was ₹39.01 cr (₹3,901.20 lakh) with net profit of ₹3.63 cr (₹363.33 lakh). Subsequent to the financial year-end, the company listed on the BSE SME platform on May 29, 2026, raising ₹14.60 cr via a fresh issue of 35.61 lakh equity shares at ₹41 per share. Key ratio disclosures reveal a rise in the debt-equity ratio to 0.64 and a decline in the debt service coverage ratio (DSCR) to 0.59.

• FY26 consolidated revenue from operations reached ₹3,901.20 lakh with PAT of ₹363.33 lakh
• Post-year-end IPO on BSE SME platform raised ₹1,460.01 lakh via 35,61,000 fresh shares at ₹41 each on May 29, 2026
• Debt-to-equity ratio doubled to 0.64 from 0.32 in FY25 due to increased borrowings
• Debt service coverage ratio weakened from 1.04 in FY25 to 0.59 in FY26
• 11th Annual General Meeting convened for September 25, 2026 at 4:00 PM IST via video conference

Autofurnish Limited has announced the schedule for remote e-voting for its upcoming Annual General Meeting (AGM) in agreement with CDSL. The cut-off date to determine shareholder voting eligibility is Friday, September 18, 2026. Remote e-voting opens on Monday, September 21, 2026, at 9:00 AM IST and concludes on Thursday, September 24, 2026, at 5:00 PM IST. This is a routine administrative compliance filing with no operational or financial impact.

• Cut-off date for AGM voting eligibility set as September 18, 2026
• Remote e-voting opens on September 21, 2026, at 9:00 AM IST
• Remote e-voting concludes on September 24, 2026, at 5:00 PM IST
• Agreement executed with CDSL to provide remote e-voting platform

Autofurnish Limited has announced leadership and secretarial changes effective August 18, 2026. Ms. Srishti Narang has resigned from the post of Company Secretary and Compliance Officer, and Mrs. Neha Sharma has resigned as Independent Director. To fill the vacancy, the board appointed Mrs. Srishti Gupta as an Additional Independent Director for a 5-year term, subject to shareholder approval. Consequently, the company has reconstituted its Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.

• Appointment of Mrs. Srishti Gupta as Additional Non-Executive Independent Director for a term of 5 years.
• Resignation of Ms. Srishti Narang as Company Secretary and Compliance Officer effective August 18, 2026.
• Resignation of Mrs. Neha Sharma as Non-Executive Independent Director effective August 18, 2026.
• Reconstitution of Audit, Nomination & Remuneration, and Stakeholders Relationship Committees completed on August 18, 2026.