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Silky Overseas Limited's board noted that a proposed Rs 2.50 Crore land acquisition was not completed. It also approved an unsecured loan of Rs 4 Crore to Suburban Finance & Investment Private Limited at 10% interest.
Silky Overseas Limited submitted a compliance declaration to the NSE confirming it does not fall under the 'Large Corporate' category. This follows criteria set by SEBI circulars dated October 2023 and November 2018. The filing clarifies that the company is not subject to specific incremental borrowing disclosures mandated for large entities.