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United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids.
UHTL secured a Rs. 2.47 Cr working capital loan from Saraswat Co-operative Bank, adding land/building as security. This facility, also backed by movable assets, requires UHTL to subscribe 5 lakh shares in the bank. It bolsters operational liquidity.
UHTL secured a 2.47 Cr working capital loan from Saraswat Co-operative Bank, pledging current assets and plant machinery. As a loan condition, UHTL will subscribe to 5 lakh equity shares in the bank, enhancing operational liquidity.
United Heat Transfer Limited invested Rs 0.50 Cr in Saraswat Bank by subscribing to 5 lakh shares. This is for share-linkage requirements tied to an additional loan, not a strategic acquisition. It aims to strengthen their banking relationship.
UHTL reported strong H2 FY26 results: Revenue surged 33.9% YoY to ₹51.44 Cr, and Net Profit soared 85.8% to ₹4.17 Cr. The company is expanding its Talegaon plant, entered the Data Centre Cooling segment with Vertiv, and added 57 new customers. It targets 30-35% revenue growth in FY27.
UHTL states it doesn't meet the criteria for specific enhanced disclosures for larger companies in FY26-27. It lacks over 100 Cr in long-term borrowings and an AA+ credit rating. This reduces current reporting obligations.