Please find attached w.r.t Issuance of Corporate Guarantee on behalf of Subsidiary company
AWHCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Antony Waste Handling Cell Ltd has issued a corporate guarantee of ₹9,88,20,000 (approximately ₹9.88 crore) in favour of Bajaj Finance Limited. The guarantee is for Mumbai Eco Solutions Private Limited, a subsidiary company, to support credit facilities being availed by the subsidiary. The company has clarified that this transaction is at arm's length and that no promoter or promoter group has any interest in it. The guarantee constitutes a contingent liability for the parent company, meaning it would only have financial impact if the subsidiary fails to meet its repayment obligations to Bajaj Finance.
This announcement has minimal immediate impact on the parent company's financials. However, shareholders should note that the company is exposed to potential liability of up to ₹9.88 crore if the subsidiary defaults. This is a routine support measure for subsidiary operations and does not indicate any equity dilution or fundraising activity.