Announced Fri, 18 Sept, 2026 · 16:08 IST
Board approves Rs 53 Cr corporate guarantee for subsidiary
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Bharatam Ventures (formerly Pet Plastics) board approved a Rs 53 Cr corporate guarantee in favour of Buldana Urban Co-op Credit Society. Of this, Rs 45 Cr covers an existing term loan of wholly owned subsidiary Penganga Sakhar Karkhana, and Rs 8 Cr secures a term loan to a director for the subsidiary's sugarcane and transport needs.
Likely market impact
Creates a Rs 53 Cr contingent liability on the company. No direct financial impact unless the lender invokes the guarantee.