Shivalik Bimetal Controls Limited announced that members of its Promoter & Promoter Group have acquired equity shares through open market purchases, demonstrating continued confidence in the company's prospects. The transactions took place on March 27 and March 30, 2026.

Share Acquisition Details

The aggregate acquisition comprises 241,000 equity shares, representing approximately 0.42% of the company's equity share capital. The purchases were distributed among three promoter entities:

Management Commentary

Mr. Kabir Ghumman, Managing Director, expressed strong confidence in the company's future direction. "We remain confident in Shivalik's long-term future and in the strength of the business we are continuing to build. These purchases reflect our belief in the Company's direction and the opportunities ahead," he stated.

About Shivalik Bimetal Controls Limited

Founded in 1984 and headquartered in New Delhi, Shivalik Bimetal Controls Limited specializes in process and product engineering. The company manufactures and sells thermostatic bimetal/trimetal strips for switching components used across electrical, electronics, automotive, and industrial applications.

Key Business Highlights

• Manufactures shunt resistors for high-growth automotive and industrial equipment segments
• Serves the rising demand for switchgear, battery management and smart metering systems
• Operates with proprietary bimetal technologies and niche solutions for OEMs
• Manufacturing facilities located in Chambhaghat and Kather, Solan
• Employs approximately 1,000 skilled personnel
• Serves more than 300 clients globally

The company has positioned itself as a valued vendor in supplying high-quality bimetals and shunt resistors to the emerging electric vehicles sector and customizable smart meters market. Its unique business model is based on proprietary technologies operating in an industry with high entry barriers.

Regulatory Compliance

The company confirmed that requisite disclosures related to these transactions have been made in accordance with applicable regulatory requirements under Regulation 30 of the securities regulations.

Shivalik bimetal controls Limited has received a credit rating reaffirmation from CRISIL for its bank facilities worth Rs. 115 crore. The rating agency has maintained both long-term and short-term ratings without any changes, indicating stable creditworthiness of the company.

Rating Details

CRISIL has reaffirmed the company's credit ratings across different facility types. The rating action covers the complete spectrum of the company's banking arrangements.

Regulatory Compliance

The company made this disclosure on March 12, 2026, in accordance with Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events including credit rating actions.

The disclosure was simultaneously submitted to both BSE Limited and National Stock Exchange of India Limited. Company Secretary Aarti Sahni signed the regulatory filing, ensuring compliance with corporate governance requirements.

Credit Rating Significance

The reaffirmation of ratings suggests that CRISIL views the company's credit profile as stable. The 'A' rating indicates adequate degree of safety regarding timely servicing of financial obligations, while the 'Stable' outlook reflects the rating agency's expectation of consistent credit quality.

The A1 short-term rating indicates strong degree of safety regarding timely payment of short-term debt obligations. These ratings provide confidence to lenders and investors about the company's financial stability and repayment capabilities.