Risk Management Committee approves corporate guarantees for two subsidiaries
CLEANMAX · price
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Clean Max Enviro's Risk Management Committee approved corporate guarantees totalling about INR 105 crore for two subsidiaries - Clean Max Como (INR 79.50 crore) and Clean Max Roku (INR 25.50 crore). These guarantees secure term loan facilities availed by the subsidiaries. The promoter group has no interest in the transaction and it is conducted at arm's length. The guarantees will appear as contingent liabilities for the parent company, with no immediate financial impact as of the announcement date.
Contingent liability of about INR 105 crore created on parent; supports subsidiary debt. No immediate P&L impact for the listed entity.