Silky Overseas Approves Rs 4 Crore Unsecured Loan Scraps Land Deal

Board noted proposed 0.925-acre land purchase at Panipat for Rs 2.5 Cr for expansion was not completed. Approved Rs 4 Cr unsecured loan to Suburban Finance at 10% for 1 year. Land deal approved in March 2026 for future expansion now lapsed. Loan is to unrelated non-promoter entity for working capital, stated as non-related-party transaction. Drops near-term expansion step; deploys funds as unsecured third-party lending. Reason for land failure and detailed repayment terms not disclosed.