United Heat Transfer Secures Rs 2.47 Crore Working Capital Loan Facility from Saraswat Co-operative Bank Limited
United Heat Transfer Limited (UHTL) has secured a working capital loan facility of Rs 2.47 Crore from Saraswat Co-operative Bank Limited. The deal, executed on June 24, 2026, involves the hypothecation of UHTL's movable and fixed assets to secure the term loan facility.The working capital facility is secured by the company’s current assets, which include stock and book debts, as well as plant and machinery. The assets are located across multiple sites in Nashik and Talegaon, Maharashtra.
As part of the agreement terms, UHTL will benefit from a structured loan repayment plan. The details of the financial arrangement with Saraswat Co-operative Bank Limited are provided below:
| Parameter | Details |
|---|---|
| Lender | Saraswat Co-operative Bank Limited |
| Purpose of Loan | Working Capital Term Loan Facility |
| Loan Amount/Outstanding | Rs 2.47 Crore (Rupees Two Crore Forty-seven Lakhs only) |
| Interest Rate | PLR - 6.60% (subject to minimum 9.00% p.a.) |
| Tenure | 60 months, including a 12-month moratorium period |
| Security Details | Movable Assets (Stock and Book Debts) and Fixed Assets (Plant and Machinery) located at Plot No. F-131, M.I.D.C., Ambad, Nashik; and Gat No. 352/B/1-4, Talegaon, Maharashtra. |
| Repayment Status | Repayable on Demand |
Share Linkage and Corporate Structure
The agreement includes provisions related to shareholding in Saraswat Co-operative Bank Limited. UHTL currently holds 2,500 shares of the bank. Additionally, the company is subscribing for a further 5,00,000 Equity shares at a face value of Rs 10 each. This means the total projected shareholding in Saraswat Co-operative Bank Limited will stand at 5,02,500 equity shares.The terms of the transaction have been confirmed as not being related party transactions, with UHTL obtaining the loan facility from Saraswat Co-operative Bank Limited.
UHTL Stock Price Movement
On Thursday, shares of United Heat Transfer Limited shed 1.99%, settling at ₹120.80 after a day of declining sentiment. The stock saw extremely tight intraday movement, with the market recording the high and low both within the narrow range of ₹120.80.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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