Transaction Details
- Lender: Shivalik Bimetal Controls Limited
- Borrower: Shivalik Engineered Products Private Limited (SEPPL)
- Relationship: SEPPL is a wholly-owned subsidiary of Shivalik Bimetal Controls Limited
- Loan Amount: ₹11,00,00,000 (Rupees Eleven Crore Only)
- Loan Nature: Unsecured loan
- Purpose: To meet working capital requirements and repayment of Term Loan
- Execution Date: August 21, 2026
- Security Provided: Nil
- Outstanding Amount: Nil as of disclosure date
Related Party Transaction Status
The transaction qualifies as a related party transaction under Listing Regulations since SEPPL is a wholly-owned subsidiary. However, it is exempt from approval requirements under Regulation 23(5)(b) of the Listing Regulations.
Transaction Characteristics
- The transaction is conducted on an arm's length basis
- No special rights (appointment of directors, first right to share subscription, restriction on capital structure changes) are applicable
- Promoter/promoter group/group companies of Shivalik Bimetal have no interest in this transaction
- No termination or amendment of the loan agreement as of the disclosure date
Financial Impact
The company has provided an unsecured loan of ₹11 crore to its subsidiary. The financial impact represents a cash outflow of ₹11 crore from Shivalik Bimetal Controls Limited to its subsidiary.