We are providing herewith details of issuance of Corporate Guarantee
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Retina Paints Ltd's Board, at its meeting on November 15, 2025, approved issuing a corporate guarantee of up to Rs.6.00 crore in favour of Union Bank of India. The guarantee secures a Cash Credit facility sanctioned to Retina Retail Limited, a related group entity. The facility is on-demand and renewable annually. The company confirmed promoters and group companies have no interest in the transaction, and it was done on an arm's length basis. The guarantee will appear as a contingent liability in Retina Paints' standalone financial statements.
Shareholders should note that while the listed company is not directly borrowing, it has taken on Rs.6 crore of contingent liability by guaranteeing a bank facility for a group entity. If Retina Retail Limited defaults, Retina Paints would be liable to repay the bank, which could affect its own financial position.