Silky Overseas Limited Board Approves Availing WCTL from Bank of Baroda
Silky Overseas Limited announced that its Board of Directors approved the continuation of availing Working Capital Term Loan (WCTL) funding. The decision was taken during a Board meeting held on June 01, 2026.The Board considered and approved the facility amounting to ₹4,69,00,000/- (Rupees Four Crores and Sixty Nine Lakhs Only). The funding is available under BGECLS 5.0 from Bank of Baroda, SME Branch, New Delhi, and is subject to the terms outlined in the bank's sanction letter.
The meeting of the Board of Directors commenced at 03:00 P.M. and concluded at 03:30 P.M., during which time the financing approval was among the key items considered and sanctioned.
The key details of the financial approval are summarized below:
| Financial Aspect | Detail |
|---|---|
| Company | Silky Overseas Limited |
| Financing Facility | Working Capital Term Loan (WCTL) under BGECLS 5.0 |
| Amount Approved | ₹4,69,00,000/- (Rupees Four Crores and Sixty Nine Lakhs Only) |
| Lender | Bank of Baroda, SME Branch, New Delhi |
| Basis | Sanction letter issued by the Bank |
SILKY Stock Price Movement
Shares of Silky Overseas Limited finished the day with a modest rally, edging higher to gain 0.14% on an increase of ₹0.15 per share. The equity settled at elevated levels, suggesting sustained buying interest throughout the trading day.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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