Intimation under Regulation 30
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The Board of Hampton Sky Realty Ltd (formerly Ritesh Properties and Industries Limited) approved a corporate guarantee of Rs. 4 crores in favor of State Bank of India on 13th May 2025. The guarantee is to secure working capital facilities availed by M/s Finton Homes, a partnership firm in which Hampton Sky Realty holds a 55% stake and is treated as a subsidiary. The transaction is stated to be at arm's length basis. This guarantee will create a contingent liability not exceeding Rs. 4 crores in the company's books.
Shareholders should note a new contingent liability of up to Rs. 4 crores tied to their subsidiary's working capital borrowings; while supporting Finton Homes' operations, it exposes the parent company to potential liability if the subsidiary defaults.