Pursuant to the provisions of Regulation 30 (read with Part A of Schedule III) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('SEBI Listing Regulations, 2015') ....
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The Board of Directors of Fratelli Vineyards Ltd, at its meeting on March 12, 2026, approved the issuance of a Corporate Guarantee of Rs. 72.50 crore in favour of SVC Co-op. Bank Ltd. The guarantee is being provided against the renewal of borrowing facilities sanctioned to Fratelli Wines Private Limited (FWPL), the company's wholly-owned subsidiary. The promoters/promoter group have no interest in this transaction. The company noted that the guarantee is a contingent liability, meaning Fratelli Vineyards would only be liable if FWPL fails to repay the bank. No promoter or group company interest is involved in the transaction.
This is a contingent liability of Rs. 72.50 crore for Fratelli Vineyards, which could affect the parent company's finances if its subsidiary defaults. The renewal itself supports the subsidiary's continued access to bank funding, but shareholders should monitor the subsidiary's debt repayment capacity.