Announced Tue, 27 Oct, 2026 · 13:44 IST
Board approves up to Rs 200 crore guarantees for wholly owned subsidiaries
CMLL · price
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AI summary
The board approved guarantees for two wholly owned subsidiaries, capped at Rs 100 crore each and Rs 200 crore combined through March 31, 2027. This includes up to Rs 20 crore for HDFC Bank to fund CNRPL's mining equipment for a Northern Coalfields contract. A 1% annual fee plus GST applies.
Likely market impact
No immediate financial impact is expected, but shareholders face added exposure if a subsidiary defaults and the company must honour the guarantees.