Kalpataru Limited has informed the Exchange about issuance of corporate guarantee by wholly-owned subsidiary to subsidiary
KALPATARU · price
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Kalpataru Limited's wholly-owned subsidiary, Kalpataru Retail Ventures Pvt Ltd (KRVPL), has issued a corporate guarantee to ICICI Bank to secure a rupee term loan of up to Rs. 90 crores availed by Agile Real Estate Dev Pvt Ltd (AREDPL), another subsidiary of the company. The loan has a tenure of up to 60 months, and the guarantee is co-terminus with the loan. The guarantee was issued on March 12, 2026. The promoters and group companies have no interest in the transaction, and both entities are part of Kalpataru's consolidated group.
This is an internal group arrangement with no direct impact on the listed entity, but it represents a new Rs. 90 crore debt obligation at the subsidiary level, which is ultimately a contingent liability for the group. Shareholders should note the incremental leverage within the subsidiary structure, though the company confirms no immediate impact on Kalpataru Limited itself.