Board approves Rs 40 Cr guarantee and loan to wholly owned subsidiary

Related Party TransactionsContingent Liabilities IncreasedResults View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹58.40

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+1.8% vs market

Refineries & Marketing peers, median of 11sector-1.4%+1.7% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.7 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3-1.5+1.8-1.4+1.7

Next day

+0.7-1.2+1.9-1.3+2.0

+0.7-2.8+3.5-3.0+3.7

+1.0-1.8+2.8-3.8+4.9

+0.9-2.0+2.9-2.5+3.3

+1.4-3.3+4.7-4.0+5.3

+1.5-2.0+3.6-2.4+4.0

15d

+2.7-3.9+6.7-2.8+5.5

+3.1-10.7+13.8-4.9+7.9

—————

UpDownMarket · Nifty Microcap 250Sector · Refineries & Marketing peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved a Rs 40 Cr corporate guarantee in favour of Neuzzen Finance Pvt Ltd to secure business loan for wholly owned subsidiary RSL Securities Pvt Ltd. Separately, board also approved a Rs 40 Cr loan to the same subsidiary. No promoter or group interest. Guarantee is a contingent liability for the parent company.

Likely market impact

Contingent liability rises by Rs 40 Cr due to subsidiary guarantee; supports subsidiary funding but increases parent risk exposure.