Board approves Rs 15 Cr guarantee for subsidiary lease buy back

Krishival Foods board on July 8, 2026 approved a corporate guarantee up to Rs 15 crore in favour of NBFCs and financial institutions for lease buy back facilities to be availed by its subsidiary Melt N Mellow Foods Private Limited, used for leasing deep freezers for the ice cream business. Tenure is up to 48 months. The subsidiary's turnover grew from Rs 37.28 crore in FY24 to Rs 49.94 crore in FY25 and Rs 90.22 crore in FY26. The transaction is a related party deal as promoter director Aparna Bangar is also a director and shareholder in the subsidiary. No immediate cash outflow for Krishival unless the guarantee is invoked.