Archean Chemical Industries Limited has informed the Exchange about Giving guarantees for WOS
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Archean Chemical Industries has issued a corporate guarantee of Rs. 35 crores in favour of ICICI Bank Limited on behalf of its wholly owned subsidiary, Acume Chemicals Private Limited. The guarantee covers working capital facilities being extended by ICICI Bank to Acume Chemicals and was executed on 15th July 2025. With this addition, the total corporate guarantees issued on behalf of Acume Chemicals now stand at Rs. 202 crores. The transaction has been carried out at arm's length basis. The company has stated there is no direct impact other than the guarantee showing up as a contingent liability in its financial statements.
Since the guarantee is for a wholly owned subsidiary, there is no immediate financial strain on the parent, but the rising cumulative guarantee (Rs. 202 crores) indicates growing debt exposure at the subsidiary level. Shareholders should keep an eye on Acume Chemicals' borrowing and repayment capacity going forward.