CCL Products (India) Limited has informed the Exchange regarding Board meeting held on January 12, 2026.
CCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CCL Products' Board, at its meeting on January 12, 2026, approved a Corporate Guarantee in favour of JP Morgan Chase Bank, London Branch, for credit facilities of up to CHF 20 million (Swiss Francs) to be availed by Continental Coffee SA, Switzerland, which is a wholly owned subsidiary. The maximum contingent liability for the company under this guarantee is capped at CHF 22 million (i.e., 110% of the facility amount). The transaction is on an arm's length basis, and promoter group companies have no interest beyond the parent-subsidiary relationship. The company stated there is no immediate impact on its financials, though the guarantee remains a contingent liability.
This is a routine support measure for the company's Swiss subsidiary's borrowing needs, creating a contingent liability of up to CHF 22 million. While it doesn't impact current earnings, shareholders should note that any default by the subsidiary could trigger this liability for the parent company.