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The Board of Qualitek Labs, at its meeting on December 10, 2025, approved availing aggregate credit facilities of Rs. 80.31 crore from HDFC Bank (Rs. 30.70 crore) and Kotak Mahindra Bank (Rs. 49.61 crore), based on sanction letters dated December 6, 2025. These facilities, structured as term loans and working capital, are intended for working capital and other corporate purposes. The company has also approved providing a corporate guarantee and creating a charge over its assets (including immovable properties) in favour of HDFC Bank as security for its portion of the credit. The lender banks are not related to the company's promoters or group companies, and these are not related-party transactions.
The new credit lines give Qualitek Labs about Rs. 80 crore of fresh funding capacity for operations and growth, which is a positive for working capital flexibility. However, it also raises the company's debt obligations and creates a charge on its assets, which increases financial leverage and the risk profile for shareholders.