Samhi Hotels Limited has informed the Exchange about execution of Deed of Guarantee(s) and Undertaking by the Company in favour of Citibank N.A., India (or the Security Trustee acting on behalf of the lenders), in relation to the loan facility availed/ to be availed by SAMHI Hotels (Ahmedabad) Private Limited, Company s 100% Subsidiary. The details as required under Regulation 30 of the SEBI LODR Regulations read with applicable SEBI Circular(s) are enclosed herewith and marked as an Annexure(s).
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Samhi Hotels Limited will execute a Deed of Guarantee in favour of Citibank N.A. India, acting as lender or through its Security Trustee Vistra ITCL (India) Limited. The guarantee is for a loan facility of up to INR 453.1 crore (approximately ₹453 crore) being availed by SAMHI Hotels (Ahmedabad) Private Limited, Samhi Hotels' wholly-owned subsidiary. The guarantee covers the subsidiary's repayment obligations and certain undertakings to the lender. The company states this is on an arm's length basis and compliant with the Companies Act 2013 and SEBI LODR Regulations. The company further states there is no impact on the listed entity from this guarantee.
This guarantee for a ₹453 crore subsidiary loan increases Samhi Hotels' contingent liability exposure, though the company claims no direct financial impact. It reflects the parent company supporting its subsidiary's debt-raising, which is standard for wholly-owned subsidiaries.