Shalby Limited has announced the issuance of a standby letter of credit worth up to USD 13.27 million through IndusInd Bank Limited. This financial instrument has been arranged specifically for Shalby Advanced Technologies, Inc., USA, which is the company's overseas step-down subsidiary focused on advanced medical technologies. The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Transaction Details

The standby letter of credit arrangement involves comprehensive regulatory compliance and operational parameters:

Regulatory Compliance Framework

The company has fulfilled its disclosure obligations under SEBI Listing Regulations, providing detailed information as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123. The transaction involves no promoter or promoter group interest, except for the step-down subsidiary being the beneficiary. This arrangement is structured to help the subsidiary obtain credit facilities while maintaining arm's length transaction principles.

Financial Impact Assessment

Shalby Limited has specifically stated that providing this standby letter of credit is in the overall interest of the company, as it will help the step-down subsidiary in obtaining credit facilities. The management has confirmed that no material financial or operational impact is foreseen from this arrangement, suggesting it serves as operational support rather than a significant capital commitment.

Strategic Implications

The issuance demonstrates Shalby's commitment to supporting its international subsidiary operations within a structured regulatory framework. This financial backing ensures adequate liquidity support for Shalby Advanced Technologies, Inc.'s operational requirements while maintaining transparency through proper regulatory disclosures. The arrangement reflects the company's strategy to strengthen its global healthcare technology operations while adhering to compliance requirements.

Shalby Limited has fulfilled its quarterly regulatory obligations by submitting the mandatory compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The submission demonstrates the company's commitment to maintaining transparency and adhering to securities market regulations.

Regulatory Compliance Submission

The company submitted its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 to both major stock exchanges. The submission details are presented below:

Certificate Authentication

KFin Technologies Ltd., serving as the Registrar and Share Transfer Agent for Shalby Limited, provided the confirmation certificate. The certificate was authenticated by Sharmila Hemant Amin, Assistant Vice President at KFin Technologies Limited, and dated April 1, 2026.

The certificate confirms that all details of securities dematerialized and rematerialized during the specified quarter have been properly furnished to stock exchanges where the company's shares are listed. This includes submissions to both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

Corporate Information

Shalby Limited operates from its registered office located opposite Karnavati Club, S.G. Road, Ahmedabad, Gujarat. The company maintains its corporate identification number as L85110GJ2004PLC044667 and trades on stock exchanges under the scrip codes SHALBY (NSE) and 540797 (BSE).

Regulatory Framework

The SEBI (Depositories and Participants) Regulations 2018 mandate that companies submit quarterly certificates confirming proper handling of securities dematerialization and rematerialization processes. This regulatory requirement ensures transparency in securities transactions and maintains investor confidence in the depository system.

The timely submission of this certificate reflects Shalby Limited's adherence to corporate governance standards and regulatory compliance requirements, maintaining its good standing with securities market regulators and stock exchanges.