This is to inform you that the Board of Directors of JSW Cement Limited ( the Company ) has, in its meeting held today i.e. on Friday, 7th November, 2025, inter alia considered and accorded their approval for providing Corporate Guarantee in favour of any bank/institution for sanction of working capital facility(ies) to JSW Cement FZC a Joint Venture (between JSW Cement Ltd., North Star Fund and Rialto Fund) wherein the Company holds 55% shares. The Board Meeting commenced at 3.00 p.m. and concluded at 06:45 p.m.
JSWCEMENT · price
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JSW Cement Limited's Board of Directors, at a meeting held on November 7, 2025, approved providing a Corporate Guarantee in favor of banks or financial institutions to secure working capital facilities for JSW Cement FZC, its Joint Venture with North Star Fund and Rialto Fund. JSW Cement holds 55% equity in the JV, while the remaining 45% is held by the two funds. The corporate guarantee will enable the JV to obtain sanctioned working capital limits from lenders. The Board meeting ran from 3:00 p.m. to 6:45 p.m.
This move supports the financial needs of JSW Cement's 55%-owned JV but also exposes the parent company to contingent liability if the JV defaults. Investors should watch for any additional debt commitments or fund infusion requirements arising from this guarantee.