Jaykay Enterprises raises guarantee for subsidiary SBI loan to Rs 56.27 crore
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Jaykay Enterprises has enhanced its corporate guarantee in favour of State Bank of India for its step-down subsidiary Allen Reinforced Plastics from Rs 29.22 crore to Rs 56.27 crore, an increase of about Rs 27 crore. The guarantee secures enhanced credit facilities availed by Allen. The agreement was executed on July 20, 2026. The guarantee will be treated as a contingent liability of the company. The transaction is on an arm's length basis with no promoter or group company interest.
Enhanced guarantee raises contingent liability by Rs 27 crore for subsidiary borrowing, increasing the parent company's potential exposure if Allen defaults.