XTGlobal Infotech Secures ₹25 Crore Loan from ICICI Bank for SEZ Facility, Stock Gains Almost 5%

Hyderabad, September 1, 2025 – Shares of XTGlobal Infotech Limited (NSE: XTGLOBAL, BSE: 531225) rose 4.687% in Monday’s early trade to an intraday high of ₹34.23. The sharp rally in the share price came after the company announced that it had executed a loan agreement with ICICI Bank Limited for a term loan facility of ₹25 crore.

Market Snapshot

As of 01-Sep-2025, 01:26 PM, shares of Xtglobal Infotech Limited are trading at ₹33.48, up 2.39%, showing steady intraday momentum. The stock has moved between ₹32.70 and ₹34.23 so far, supported by a VWAP of ₹33.79, with volumes of 0.19 lakh shares reflecting moderate investor activity.

Loan Agreement Details

As per the regulatory filing made by the company, the facility agreement was signed on August 30, 2025. Under the agreement, the company can repay duty exemptions availed during the construction of its Madhurawada IT/ITES SEZ facility in Visakhapatnam. Furthermore, the company can monetize surplus office space by letting it out on rental basis, expected to boost the annual bottom line by about ₹5 crore and can also fund infrastructure development and related business requirements..

Key Loan Terms

The agreement allows XTGlobal Infotech Limited to enter into a financing arrangement in the form of a rupee term loan facility of ₹250 million (₹25 crore) from ICICI Bank Limited. As of now, there are no existing outstanding balances at the time of signing the agreement, which means that this is a fresh borrowing to support the company’s funding requirements.

As per the sanction terms, security will be created in favour of ICICI Bank while there will be provisions allowing for temporary overdraft or accommodation facilities if required. It is crucial to note that the borrowing falls well within the company’s approved limits under Section 180(1)(c) of the Companies Act, 2013, ensuring compliance with corporate governance standards. ICICI Bank will not appoint any nominee director to XTGlobal’s board, and the transaction does not qualify as a related party arrangement, highlighting its arms-length nature.

Outlook And Takeaway

The fresh loan will strengthen XTGlobal Infotech’s liquidity and will provide the company with the flexibility to optimize its Visakhapatnam SEZ facility. The agreement will also help the company with potential recurring gains from monetizing surplus office space. In the meantime, investors should keep an eye on execution timelines, incremental rental income, and the company’s ability to generate steady cash flows, as these factors will be key indicators of financial health and growth momentum in the near term.

About XTGlobal Infotech

XTGlobal Infotech Limited is an IT services and consulting company headquartered in Hyderabad, with a focus on delivering technology-driven solutions in the Computers – Software & Consulting sector. Listed on the exchanges under ticker INE547B01028 since September 16, 2024, the company combines its IT/ITES expertise with infrastructure assets. It continues to strengthen offerings in digital services while leveraging its SEZ facility to create long-term value.

REF: https://nsearchives.nseindia.com/corporate/XTGLOBAL_31082025111253_Intimation.pdf

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