Shalby Limited Secures Working Capital Facilities from Kotak Mahindra Bank
Shalby Limited has approved and secured working capital facilities totaling up to ₹ 129.70 crore from Kotak Mahindra Bank Limited. The funds are allocated across both the parent company and its overseas step-down subsidiary, Shalby Advanced Technologies, Inc., USA (SAT Inc.).The facility involves two distinct tranches. A substantial portion of the loan is designated for SAT Inc., which requires the funding to meet its working capital needs. The remaining amount has been secured by the company itself through a Working Capital Demand Loan (WCDL) or Cash Credit facility.
Details regarding the facilities and party involvement are provided below:
| Entity / Purpose | Financial Instrument | Amount |
|---|---|---|
| Shalby Advanced Technologies, Inc., USA | Working Capital requirement funding | ₹ 119.70 crore |
| Shalby Limited | Working Capital Demand Loan (WCDL) / Cash Credit facilities | ₹ 10 crore |
| Total | ₹ 129.70 crore |
The company's interest in this transaction is indirect, with SAT Inc., the step-down subsidiary, acting as a primary beneficiary of the funding. This provision was made following the Management Committee of Directors meeting held on July 30, 2026.
Regarding the impact of these arrangements, the necessary guarantees and indemnity are considered to be in the overall interest of Shalby Limited. The funding is expected to assist SAT Inc. in obtaining its requisite credit facilities. Furthermore, no financial or operational impact has been foreseen from this transaction for the company.
SHALBY Stock Price Movement
Today, Shalby Limited shares edged higher in the market, finishing at ₹161.04 after gaining 0.85%. The stock saw considerable movement throughout the session, trading within a range of ₹160 to ₹164.98 and handling 41,002 shares in total volume.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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