Related Party Transaction between M/s. Health Care Energy Foods Private Limited, a material subsidiary of the Company & Mr. Ankur Rawat, A Director on the Board of the Company, and its ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sai Capital Ltd has informed BSE that Mr. Ankur Rawat, a Non-Executive Director of the company and Director of its material subsidiary Health Care Energy Foods Private Limited, has consented to provide a personal guarantee of ₹25 crore in favour of HDFC Bank to secure credit facilities for the material subsidiary. The guarantee is being given in Mr. Rawat's personal capacity and does not create any financial obligation, liability, or encumbrance on the listed entity, Sai Capital Ltd. None of the promoter or promoter group entities have any interest in the transaction. The transaction is subject to approval from the Audit Committee, Board of Directors, and subsequently the shareholders of the company.
Neutral to shareholders – this is a director-level personal guarantee for the subsidiary's borrowing and does not impose any financial risk on Sai Capital Ltd itself, though it does mean subsidiary-level debt is personally backed by one of the company's directors. Shareholder approval will be sought as part of standard RPT compliance.