Date: July 30, 2026
Board Meeting Outcomes
The Management Committee of Directors of Shalby Limited approved availing working capital facilities aggregating up to ₹129.70 crore from Kotak Mahindra Bank Limited. The meeting was held on July 30, 2026, commencing at 5:43 p.m. and concluding at 6:05 p.m.
The facility breakdown is as follows:
- ₹119.70 crore to be availed by M/s. Shalby Advanced Technologies, Inc., USA, an overseas step-down subsidiary of the Company, towards its working capital requirements
- ₹10 crore by way of Working Capital Demand Loan (WCDL) / Cash Credit facilities to be availed by Shalby Limited itself
Other Operational / Legal / Strategic Disclosures
Transaction Details
- Party Name: Shalby Advanced Technologies Inc., USA ("SAT Inc.")
- Promoter/Promoter Group Interest: No, except that SAT Inc. (being a step-down subsidiary of the Company) is the beneficiary in this transaction
- Nature of Arrangement: The Company is providing a Standby Letter of Credit (SBLC) to facilitate the working capital facilities
- Impact Assessment: Providing SBLC is in the overall interest of the Company as it will help the step-down subsidiary in obtaining credit facilities. The company states that no financial/operational impact is foreseen from this arrangement.