Jindal Worldwide Limited has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
JINDWORLD · price
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Awaiting price reaction for this filing.
Jindal Worldwide Limited has approved giving a corporate guarantee of Rs. 70 Crore to M/s. Aegios Polyfilms Private Limited against additional working capital facilities availed by that company from PNB Investment Services Limited. The guarantee was approved by the Operational Committee on 28th August 2025. M/s. Aegios Polyfilms and Jindal Worldwide share a common director, Mr. Amit Yamunadutt Agrawal, and the transaction has been stated to be at arm's length. The lender (PNB Investment Services Limited) is not a related party or part of the promoter group. This guarantee will be recorded as a contingent liability in the books of Jindal Worldwide.
Shareholders should note that this Rs. 70 Crore guarantee is a contingent liability for Jindal Worldwide, meaning the company may have to pay if Aegios Polyfilms defaults. The related-party connection (common director) warrants closer attention, though the company has confirmed arm's length terms.