Shivalik Bimetal Controls Grants Rs 11 Crore Unsecured Loan to Wholly Owned Subsidiary
Shivalik Bimetal Controls Limited has entered into a loan agreement with its wholly owned subsidiary, Shivalik Engineered Products Pvt. Ltd. The transaction involves the lending of an unsecured amount intended to meet working capital requirements and facilitate term loan repayment for the subsidiary.The Agreement was executed on August 21, 2026, between the company (acting as the lender) and Shivalik Engineered Products Pvt. Ltd. (SEPPL), which serves as the borrower.
The specifics of the loan agreement are detailed below:
| Particulars | Details |
|---|---|
| Lender | Shivalik Bimetal Controls Limited |
| Borrower | Shivalik Engineered Products Pvt. Ltd. |
| Nature of Loan | Unsecured loan to meet working capital requirements and repayment of Term Loan. |
| Total Amount | Rs 11,00,00,000/- (Rupees Eleven Crore only) |
| Date of Execution | August 21, 2026 |
| Security Provided | Nil |
The loan amount stands at Rs 11,00,00,000/-. As per the agreement details, there is no outstanding loan amount as of the date of disclosure. Both parties were confirmed to be in an arm's length transaction and SEPPL is a wholly owned subsidiary of Shivalik Bimetal Controls Limited.
SBCL Stock Price Movement
Shivalik Bimetal Controls Limited shares slipped on Friday, closing at ₹993.25 after shedding 3.37% from the previous day’s close. The stock traded within a tight intraday range of ₹986.50 to ₹1039.75 and saw a volume of 315084 shares recorded during trading hours.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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