Silky Overseas Limited Secures Board Approval for ₹1.32 Crore Term Loan to Finance Solar Projects
Silky Overseas Limited has received board approval to avail a significant Term Loan Facility from the Bank of Baroda SME Branch in New Delhi. The loan is designated for financing solar projects and amounts to ₹1,32,00,000 (Rupees One Crore and Thirty-Two Lakh Only).The decision was taken during the Board of Directors meeting held on July 28, 2026. Following the approval by the company's board, Silky Overseas Limited is set to finalize the terms and conditions of the facility with Bank of Baroda.
In addition to approving the loan, the Board granted specific authorization regarding the necessary financial obligations. Directors Mr. Sawar Mal Goyal and Mr. Ananya Goyal were authorized to complete all required documentation relating to the transaction. This authority covers finalizing and executing applications, agreements, loan documents, security creation deeds, and any other papers needed for securing the facility from the Bank.
SILKY Stock Price Movement
Shares of Silky Overseas Limited are edging higher to ₹75.00 as of 1:38 PM today, gaining 5.71% in live trading after posting an absolute gain of ₹4.05. The SME equity has seen a total traded volume of 6,400 shares during the ongoing session.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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