Kalpataru Limited has informed the Exchange about issuance of Corporate Guarantee to Subsidiaries or subsidiary(s).
KALPATARU · price
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Kalpataru Limited has issued corporate guarantees in favour of ICICI Bank to secure Rupee Term Loan facilities availed by its two subsidiaries. Agile Real Estate Private Limited (AREPL) gets a loan of up to Rs. 400 crore, while Agile Real Estate Dev Private Limited (AREDPL) gets up to Rs. 390 crore, taking the total to Rs. 790 crore. Both term loans have a tenor of up to 60 months, and the guarantees are co-terminus with the loan tenure. The guarantees were issued on April 30, 2026. The company has stated there is no immediate financial impact as these are contingent liabilities, and promoters or group companies have no interest in the transaction.
The guarantees expose Kalpataru to a contingent liability of up to Rs. 790 crore, but since these back loans to its own subsidiaries, the overall group risk is contained. Investors should watch how these subsidiary borrowings are deployed and whether they translate into returns, as any default would fall back on the parent.