Shivalik Bimetal Controls Limited is currently processing the necessary approvals and permissions required to set up its Pune facility Phase-II expansion. The company made this disclosure on August 24, 2026.

The update follows a previous intimation dated July 16, 2026. The firm filed the latest notice under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Expansion Progress

Shivalik Bimetal Controls confirmed that it is actively pursuing the regulatory clearances needed for the Phase-II project in Pune. The company did not disclose specific timelines for completion or capital expenditure figures for this phase in the current filing.

The expansion aims to augment the company's manufacturing capabilities. No further financial details or operational metrics were provided alongside this procedural update.

Shivalik Bimetal Controls has entered into a loan agreement with its wholly-owned subsidiary, Shivalik Engineered Products Private Limited. The transaction involves an unsecured loan of ₹11 crore, executed on August 21, 2026.

The funds are designated for two primary purposes: meeting the subsidiary's working capital requirements and facilitating the repayment of its term loans. As disclosed in the filing with stock exchanges, no security was provided by the borrower for this facility.

Transaction Details

The agreement falls under the purview of related party transactions as per SEBI Listing Regulations. However, because the counterparty is a wholly-owned subsidiary, the transaction is exempted under Regulation 23(5)(b) of the regulations. The company confirmed that the deal was conducted on an arm's length basis.

Regulatory Compliance

Shivalik Bimetal Controls made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company stated that neither the promoters nor the promoter group have any interest in this specific transaction beyond their holding in the listed entity. There were no amendments or rescissions to the agreement as of the disclosure date.