Rs 215 crore guarantee extended for wholly owned subsidiary

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BHAGCHEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹243.55

prior close

₹244.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-1.5% vs market

Pesticides & Agrochemicals peers, median of 25sector-0.0%-1.0% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.0 pts less than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+1.0

15m

+0.9

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0+0.5-1.5-0.0-1.0

Next day

+0.2+0.0+0.2-0.7+0.9

+2.5+1.0+1.5-0.3+2.8

+2.9+2.1+0.8+1.6+1.3

+3.0+1.6+1.4+0.1+2.9

+2.2+1.2+1.0+0.7+1.5

+4.7+1.9+2.8+1.0+3.7

15d

+1.0+0.4+0.6-6.9+7.9

+3.9+1.5+2.4-8.3+12.2

-5.2-4.4-0.7-8.5+3.3

-9.3-7.2-2.1-10.9+1.6

UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bhagiradha Chemicals extended a Rs 215 crore corporate guarantee for its wholly owned subsidiary, Bheema Fine Chemicals. Axis Bank facilities total Rs 105 crore, ICICI Bank Rs 40 crore and RBL Bank Rs 70 crore, covering working capital and term loans. The promoters have no interest and the deal is at arm's length. The company says there is no current impact beyond recording a contingent liability.

Likely market impact

The subsidiary's debt is backed by the parent, creating possible exposure for shareholders if it cannot repay. The company reports no current impact.