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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Integrated Industries Limited has issued a corporate guarantee of Rs. 25 crores to Union Bank of India as security for a loan facility availed by its material subsidiary, Nurture Well Foods Limited (NWFL). The transaction is being carried out at arm's length, and the promoters, promoter group, and group companies have no interest in it. This creates a contingent liability for Integrated Industries, meaning the company may have to step in if NWFL fails to meet its repayment obligations. The filing is made under SEBI Regulation 30 read with the applicable master circular.
This adds Rs. 25 crores of contingent liability to the company's books. While there is no immediate financial impact, shareholders should be aware that the company's exposure rises if the subsidiary faces any repayment difficulties. This could weigh on sentiment if the subsidiary's financial health deteriorates.