Ultima Switchgears Limited - Loans (Charges)

Ultima Switchgears Limited loan details

Data last updated: 14 July 2026

Ultima Switchgears Limited has 9 charges registered with the Registrar of Companies: 1 open charge worth Rs 26.00 Cr and 8 satisfied charges worth Rs 22.84 Cr. The open charge is held by Karnataka Bank Ltd.. Lenders on record include Vijaya Bank, Karnataka Bank Ltd., Uco Bank. The most recent charge was created on 13 Jul 2021 in favour of Karnataka Bank Ltd. for Rs 8.00 M and is closed. A charge is a security interest a company creates over its assets in favour of a lender; an open charge is still outstanding, while a satisfied charge has been repaid and closed with the Registrar. Amounts are as filed with the MCA.

Under the Companies Act, 2013 a company must register every charge on its property or assets with the Registrar of Companies within thirty days of creating it (Form CHG-1, or CHG-9 for debentures), and report its satisfaction within thirty days of repayment (Form CHG-4). The register of charges is public, so lenders, suppliers and investors can see which assets of Ultima Switchgears Limited are already pledged, to whom, and for how much. This page lists each charge with its holder, amount, status and the dates of creation, modification and satisfaction, along with the share of borrowing held by each lending institution.