S Chand And Company Limited has informed the Exchange regarding Outcome of Board Meeting held on January 07, 2026 - Approved the Corporate Guarantee in favour of HDFC Bank Limited against the cash credit facility for an amount upto Rs. 10.00 Crores proposed to be taken by Shri Shyamlal Printing Press Private Limited, a wholly owned subsidiary of the Company
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S Chand and Company Limited's Board, at its meeting on January 7, 2026, approved a corporate guarantee of up to Rs. 10 Crores in favor of HDFC Bank to secure a cash credit facility being sanctioned to its wholly owned subsidiary, Shri Shyamlal Printing Press Private Limited (SSPPPL). The promoters and group companies have no interest in the transaction, and it is being done at arm's length. Since SSPPPL is a wholly owned subsidiary and its financials are consolidated with the parent, the company states there is no material impact on a consolidated basis. The guarantee effectively extends the parent's credit standing to help its subsidiary raise working capital.
Minimal direct impact for shareholders, as the facility is for a wholly owned subsidiary and financials are already consolidated. The arrangement modestly increases contingent liability on the parent's books but supports working capital needs of the subsidiary.