Loan & Debt21 Aug 2026, 05:31 pm
Shivalik Bimetal Grants ₹11 Cr Loan to Wholly Owned Subsidiary
AI Summary
Shivalik Bimetal Controls Ltd has entered into a loan agreement with its wholly-owned subsidiary, Shivalik Engineered Products Private Limited (SEPPL). The company will grant an unsecured loan of ₹11,00,00,000 (Rupees Eleven Crore only) to SEPPL. The purpose of this loan is to meet working capital requirements and for the repayment of a Term Loan for the subsidiary. The transaction is considered a related party transaction but is exempted under Regulation 23(5)(b) of the Listing Regulations as it is between the company and its wholly-owned subsidiary and is conducted on an arm's length basis. No security has been provided for this loan.
Key Highlights
- Shivalik Bimetal granted ₹11 Cr unsecured loan to its wholly-owned subsidiary.
- Loan to fund subsidiary's working capital and term loan repayment.
- Transaction is an arm's length related party transaction.
- No security provided for the loan.
- Disclosure made under SEBI (LODR) Regulations, 2015.
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