Kody Technolab Proposed Unsecured Loan of Up to INR 40 Crore from Promoter and MD
Kody Technolab Limited has proposed a strategic unsecured loan of up to INR 40 Crore to support its business operations, working capital requirements, and growth initiatives. The proposal involves securing the financing from Mr. Manav Subhashchandra Patel, who is both the Promoter and Managing Director of the company.The board of directors considered and approved the proposal during a meeting held on July 13, 2026. While the loan arrangement is expected to meet operational needs, the transaction is subject to the subsequent approval of the Company's members and applicable legal requirements.
Details of the Proposed Transaction
The proposed transaction involves Kody Technolab availing the unsecured loan from Mr. Manav Subhashchandra Patel. As a related party transaction, the company has structured the proposal to be executed on an arm's length basis. There is no expected impact on the management or control structure of the listed entity following the proposed lending arrangement.Mr. Patel holds a significant equity stake in Kody Technolab Limited.
| Shareholder | Relationship | Equity Shares Held | Percentage of Paid-up Equity Capital (as of July 13, 2026) |
|---|---|---|---|
| Mr. Manav Subhashchandra Patel | Promoter and Managing Director | 90,75,772 | 63.50% |
The company noted that there is no potential conflict of interest arising from the agreement other than the fact that the lender is also the Promoter and Managing Director. Furthermore, the loan has no quantification of restriction or liability imposed upon the listed entity as per internal reporting details.
KODYTECH Stock Price Movement
Today, Kody Technolab Limited shares closed robustly at ₹1263.20 after rallying by 4.79%, marking a significant upward trend in the stock. The company achieved its 52-week high during the session, with trading completing on 26,000 shares as the market settled.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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