Silky Overseas Limited Board Approves Credit Facility Enhancement from Bank of Baroda
Silky Overseas Limited, during its Board of Directors meeting held on April 7, 2026, approved a proposal to avail credit facilities and financial assistance from Bank of Baroda, SME Branch, New Delhi.The Board authorized the availing of various facilities, including cash credit, demand loan, overdraft, packing credit, term loan, BP, BD, LC, and guarantee facilities, on terms and conditions agreed upon with the Bank.
The details of the approved and proposed exposure limits are presented below:
| Nature of Facility | Purpose | Existing Limits | Proposed Limits |
|---|---|---|---|
| Cash Credit- Hypo. of Stock & Debtors | Funds for augmenting the working capital requirements. | 19.3 | 24.3 |
| General TL - 1 | Funds availed for purchase of machinery | 0.54 | 0 |
| General TL - 2 | Funds availed for purchase of machinery | 1.83 | 0 |
| General TL - 3 | Funds availed for purchase of machinery | 1.18 | 0 |
| WCTL - Hypo. of Stock & Debtors | Funds for augmenting the working capital requirements. | 5.74 | 4.08 |
| Total Proposed Exposure | Total Proposed Exposure | 28.59 | 28.38 |
Furthermore, the Board authorized Mr. Sawar Mal Goyal and Mr. Ananya Goyal, directors of the company, to execute and sign all necessary applications, agreements, security documents, deeds, writings, and other papers required in this regard, and to undertake all necessary acts, deeds, and things.
SILKY Stock Price Movement
Today, Silky Overseas Limited shares edged higher to close at ₹142, marking a gain of 0.57% for the day. The stock settled its trading session with a total volume recorded at 800 shares.Source:
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