Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors ....
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Qualitek Labs' Board of Directors, at a meeting on June 3, 2026, approved availing credit facilities aggregating Rs. 91.31 Crores from HDFC Bank Limited. The facilities include a Term Loan, Bank Guarantee, Cash Credit, and Capex Letter of Credit, as per a sanction letter dated May 26, 2026. The company has currently drawn down about Rs. 12.80 Crores against these facilities. As security, the company has pledged its industrial buildings in Barwala, Panchkula, while a related party (SKM Realcon Pvt Ltd) has offered its Noida property along with corporate/personal guarantees from SKM Realcon, TIC Services, ASC Consulting, and Ms. Anju Agarwal.
This is a significant new borrowing arrangement that expands the company's debt capacity, which could fund growth or working capital needs but also increases interest obligations and leverage. The pledging of company assets and related-party guarantees suggests the lender required strong collateral, which shareholders should monitor closely.