Silgo Retail Limited's Board of Directors, in a meeting held on February 07, 2026, has approved a significant financial arrangement for working capital requirements. The company will borrow an amount of ₹15,00,00,000 (Rupees Fifteen Crore Only) through an Inter-Corporate Deposit (ICD) from Ashika Credit Capital Limited. The terms and conditions, including the interest rate, tenure, and repayment schedule, are to be mutually agreed upon by both parties. To secure this borrowing, the company's promoter, Mr. Nitin Jain, has agreed to pledge his equity shares in Silgo Retail Limited in favor of the lender. The board has authorized company officials to finalize and execute the Inter-Corporate Deposit/Loan Agreement and all related ancillary documents. The board meeting commenced at 12:00 P.M. and concluded at 12:30 P.M.
