What does it mean when Novalite Limited has charges?

It means Novalite Limited has borrowed money and pledged assets as security. Each charge is a loan or credit facility filed with MCA against the company (CIN U25200KA1998PLC023272), naming the lender and what's been pledged.

What's the difference between an open and a closed charge?

An open charge is still active - the lender can still enforce against the secured assets. A closed charge has been paid off and the lender has released its claim.

How should I read the open and closed totals?

They sum the registered amounts on each side, so you can see at a glance how much is still active versus how much has been settled. The list below shows each individual charge with its lender, amount and key dates if you want to verify.

Where can I cross-check this against financials or ownership?

Open the Financial tab to see how the borrowings show up in the filed accounts of Novalite Limited, and the Ownership tab for shareholding and KMP context that often matters when reading the charge register.

Novalite Limited - Charges

Q: Who are the top lenders?

They're the banks and institutions ranked by how much they've lent to Novalite Limited - so you can see which lenders matter most to this company at a glance.

Every charge - open or closed - that lenders have registered against Novalite Limited, with the most recent activity at the top.

1998-01-15 Bangalore, Karnataka Active Unlisted Active Compliant

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NL Novalite Limited

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Open charges

9.06 cr

Closed charges

15.97 cr

Total

25.03 cr

Open vs closed

Top charge holders (by amount)

Top lenders

#	Lender	Charges	Amount
1	Dbs Bank Ltd	2	8.96 cr
2	Standard Chartered Bank	4	8.72 cr
3	Citi Bank N.A.	1	7.25 cr
4	Hdfc Bank Limited	1	10.00 Lakh

All charges (8) - latest first

Charge ID	Charge holder	Created	Modified	Satisfied	Amount	Status
100439017	Standard Chartered Bank	31 Mar 2021	-	14 Aug 2024	1.20 cr	Closed
100408688	Hdfc Bank Limited	23 Nov 2020	-	-	10.00 Lakh	Open
100140203	Standard Chartered Bank	18 Aug 2017	14 Feb 2023	14 Aug 2024	75.53 Lakh	Closed
10599651	Dbs Bank Ltd	21 Oct 2015	-	-	4.00 cr	Open
10548458	Dbs Bank Ltd	10 Feb 2015	-	-	4.96 cr	Open
10530624	Standard Chartered Bank	13 Oct 2014	-	14 Aug 2024	1.73 cr	Closed
10370193	Standard Chartered Bank	25 Jun 2012	14 Feb 2023	14 Aug 2024	5.04 cr	Closed
10251314	Citi Bank N.A.	17 Sep 2010	13 Aug 2011	11 Oct 2012	7.25 cr	Closed

Frequently Asked Questions - Charges & borrowings

What do "charges" mean for Novalite Limited?

Charges are registrable security interests-typically loans or credit facilities-filed with MCA against Novalite Limited (CIN: U25200KA1998PLC023272). They indicate assets or undertakings pledged to lenders or charge holders.

What is the difference between open and closed charges?

Open charges are active or not yet fully discharged; closed (or satisfied) charges are recorded as settled or released. Counts and amounts on this page follow the statuses shown in the charge list.

How should I read the open vs closed amounts?

Open and closed amounts summarise registrable amounts by status for quick comparison; individual rows may show charge-specific amounts, holders, and dates for verification.

Who are the "top lenders" or charge holders?

Top lenders group charge holders by bank or institution name and approximate exposure so you can see which lenders appear most prominently for Novalite Limited.

Where can I cross-check financial or ownership context?

Pair this Charges view with the Financial and Ownership sections on this company's V1 profile for loans in financial statements and cap table context alongside MCA charge filings.

Novalite Limited - Charges

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