Sagar Cements Limited has informed the Exchange about the company has executed a Corporate Guarantee agreement today i.e. on 24th January, 2026 in favour of Axis Finance Limited for the term loan facility of Rs. 74.00 Crores availed by one of our subsidiary, Sagar Cements (M) Private Limited for its ongoing project expansion.
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Sagar Cements Limited has executed a corporate guarantee in favour of Axis Finance Limited for a term loan of Rs. 74 crore taken by its subsidiary, Sagar Cements (M) Private Limited. The loan proceeds are meant to fund the subsidiary's ongoing project expansion. By guaranteeing this loan, the parent company becomes contingently liable for the subsidiary's debt obligation. No specific repayment terms or interest rate details were disclosed in this filing.
This increases Sagar Cements' contingent liability by Rs. 74 crore, which could weigh on the consolidated debt position if the subsidiary underperforms. It signals management's confidence in the expansion but also raises the group's overall leverage exposure for retail shareholders to monitor.