Menon Bearings Limited has informed the Exchange about General Updates
MENONBE · price
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Menon Bearings Limited has issued a Corporate Guarantee of Rs. 6.00 Crore in favour of Federal Bank to secure credit facilities availed by its Wholly Owned Subsidiary, Menon Brakes Limited. The guarantee agreement was executed on 19th July 2025. The promoters or group companies have no interest in this transaction, and the company states there is no financial impact on Menon Bearings unless the guarantee is invoked by the bank.
This is a routine inter-group support where the parent guarantees its subsidiary's borrowing. Shareholders should note that while there is no immediate impact, a contingent liability of Rs. 6 Crore exists if the subsidiary defaults, which is a modest amount relative to typical company operations.