Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that at the meeting of the Board of Directors held today, the Board ....
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On February 4, 2026, the Board of Aztec Fluids & Machinery Ltd approved a corporate guarantee of ₹7.65 crore (Seven Crore Sixty Five Lakhs) in favor of ICICI Bank for its wholly owned subsidiary, Jet Inks Private Limited. The guarantee will secure working capital facilities being availed by the subsidiary. The company's promoter-group directors—Pulin Vaidhya (Managing Director), Amisha Vaidhya (Whole-time Director) and Kumudchandra Vaidhya (Director)—also serve as directors on the board of Jet Inks, making this a related-party transaction that the company states is at arm's length. The Board meeting ran from 3:30 p.m. to 5:45 p.m. on the same day. The company describes the exposure as contingent in nature, with limited financial risk since the subsidiary is fully owned and strategically aligned.
This is a contingent liability, not an immediate cash outflow—Aztec is simply backing its own subsidiary's bank borrowing, so the direct hit only materializes if Jet Inks defaults. The ₹7.65 crore guarantee is sizable for a small-cap company and increases total off-balance-sheet exposure, while the overlap of directors means shareholders should keep an eye on inter-group fund flows for fairness.