United Heat Transfer Limited Executes Hypothecation Agreement for Term Loan Facility
United Heat Transfer Limited has executed an Agreement of Hypothecation of Movable Property with Saraswat Co-operative Bank Limited. This agreement is in connection with a term loan facility amounting to Rs. 3.70 crore.The facility is secured through a hypothecation over the company's plant and machinery, covering both present and future assets located at Gat No. 352/B/1-4, Talegaon, Tal. Dindori, Dist. Nashik- 422004, Maharashtra, India.
This arrangement follows a Legal Mortgage Deed dated February 13, 2026, which was executed for multiple facilities, including the current term loan.
Details regarding the loan agreement are summarized below:
| Particulars | Details |
|---|---|
| Lender/Borrower | Saraswat Co-operative Bank Limited |
| Nature of Loan | Term loan facility |
| Total Amount | Term loan facility of Rs. 3.70 Crore/- |
| Amount Outstanding | Total loan amount outstanding is Rs.3.70 Crores Only. |
| Agreement Date | Agreement of Hypothecation of Movable Property is executed dated 27 th March, 2026. |
The significant terms outlined in the agreement indicate that the interest shall be payable at the rate of PLR minus 6.35% per annum, equating to 9.25% p.a. Furthermore, the facility is structured to be repayable in 84 months, inclusive of a 12 months moratorium period.
The company confirmed that the transaction does not constitute a related party transaction and that no shares are being issued as part of this arrangement.
The security provided to the lenders is the company's plant and machinery, both present and future, situated at Gat No. 352/B/1-4, Talegaon, Tal. Dindori, Dist. Nashik- 422004, Maharashtra, India.
UHTL Stock Price Movement
United Heat Transfer Limited shares today slipped by 0.10% to settle at ₹50. The stock saw total trading activity involving 2,000 shares.Source:
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