Belrise Industries Limited has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
BELRISE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Belrise Industries Limited has issued a corporate guarantee of GBP 1,980,000 (Maximum Liability) in favor of five sellers. This guarantee secures the payment of deferred consideration under a Share Purchase Agreement dated March 18, 2026. The agreement was executed by Belrise UK Holdings Limited, a step-down wholly owned subsidiary of the company, for acquiring Chester Hall Precision Engineering Holdings Limited. The guarantee remains valid until the deferred consideration obligations are fully discharged as per the terms of the Share Purchase Agreement. The company confirmed that no promoter or group entities have any interest in this transaction, and it is not done at arm's length since it involves a wholly owned subsidiary.
This represents a contingent liability on the company for shareholders to be aware of, though there is no immediate impact on the financials. The guarantee increases off-balance sheet exposure tied to the UK acquisition.