Formulaic Engineers Private Limited - Loans (Charges)

Formulaic Engineers Private Limited loan details

Formulaic Engineers Private Limited has 11 charges registered with the Registrar of Companies: 11 open charges worth Rs 3.18 Cr. The largest open charges are held by Axis Bank Limited, Hdfc Bank Limited and United Bank Of India. Lenders on record include Hdfc Bank Limited, Axis Bank Limited, United Bank Of India. The most recent charge was created on 16 Oct 2024 in favour of Axis Bank Limited for Rs 1.50 Cr and is open. A charge is a security interest a company creates over its assets in favour of a lender; an open charge is still outstanding, while a satisfied charge has been repaid and closed with the Registrar. Amounts are as filed with the MCA.

Under the Companies Act, 2013 a company must register every charge on its property or assets with the Registrar of Companies within thirty days of creating it (Form CHG-1, or CHG-9 for debentures), and report its satisfaction within thirty days of repayment (Form CHG-4). The register of charges is public, so lenders, suppliers and investors can see which assets of Formulaic Engineers Private Limited are already pledged, to whom, and for how much. This page lists each charge with its holder, amount, status and the dates of creation, modification and satisfaction, along with the share of borrowing held by each lending institution.