Samhi Hotels Limited has informed the Exchange about the relevant details as required under regulation 30 of the SEBI LODR Regulations as enclosed in respect of extending a corporate guarantee(s)/ issuing of a non-disposal undertaking(s)/ creation of pledge over securities held by the Company in its various wholly owned subsidiary(ies), in favour of IndusInd Bank Limited ("Lender/ Bank") for the credit facility(ies), fund or non-fund based, availed by wholly owned subsidiary(ies) from Lender mentioned above.
SAMHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Samhi Hotels Limited is extending corporate guarantees, issuing non-disposal undertakings, and pledging securities it holds in its wholly owned subsidiaries in favor of IndusInd Bank Limited. These actions secure credit facilities (both fund-based and non-fund-based) availed by the subsidiaries from the bank. The disclosure is made under SEBI LODR Regulation 30. The company has not disclosed the financial value of the guarantee or the specific subsidiaries involved in this filing.
Shareholders should note that the parent company is putting its own assets and subsidiary holdings on the line as collateral for subsidiary borrowings, which increases contingent liability and financial risk if subsidiaries face repayment difficulties. This typically signals active borrowing or refinancing by the subsidiary businesses but warrants monitoring of debt levels and any further disclosures on facility amounts.