United Heat Transfer has executed an additional legal mortgage with Saraswat Co-operative Bank to secure a working capital term loan facility of ₹2.47 crore under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The loan, intended to bolster liquidity, carries an interest rate of 9.00% per annum and is repayable over 60 months, including a 12-month moratorium period. The facility was sanctioned on June 11, 2026, and the mortgage was registered on July 3, 2026.

The company has pledged its land and building situated at Gat No. 352/B/1-4 in Talegaon, Taluka Dindori, District Nashik, as additional security via a second charge. This mortgage covers an industrial non-agricultural plot admeasuring approximately 43,300 sq. mtrs, including a factory building of 5,660.16 sq. mtrs and proposed construction. The security extends to adjacent land parcels designated for road access and open space.

Loan Details and Security

The working capital facility is secured by both movable and immovable assets. While the current assets, including stock and book debts, are hypothecated, the land and building provide the secondary collateral. The company disclosed that it currently holds 2,500 shares in Saraswat Co-operative Bank and is subscribing for an additional 500,000 equity shares to meet the bank's share capital linkage requirements.

Regulatory Disclosures

The transaction is not a related party transaction, as confirmed in the filing submitted to the National Stock Exchange of India. The company informed the exchange that the share subscription in the lender bank is compliant with the RBI Master Circular on Prudential Norms on Capital Adequacy for Primary (Urban) Co-operative Banks dated April 1, 2025. The total outstanding amount towards the working capital term loan stands at ₹2.47 crore.

United Heat Transfer has secured an international purchase order from National Compressed Air Canada Ltd for the manufacturing and supply of a Moisture Separator. The order, valued at USD 67,356 (approximately INR 64,05,785), involves supplying the equipment to the client's plant located in Canada. The contract is scheduled for execution with a delivery deadline of December 18, 2026.

The disclosure was made to the National Stock Exchange of India Ltd in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order was awarded by an international entity, and the transaction is not classified as a related party transaction. The company confirmed that the promoter, promoter group, or group companies hold no interest in the entity awarding the order.

Order Details

The significant terms and conditions of the order specify a stage payment structure. The nature of the contract is strictly for the manufacturing and supply of the Moisture Separator. The consideration amount is based on the prevailing exchange rate at the time of the order.