Span Divergent Limited- Outcome of Board Meeting held on February 25, 2026
Awaiting price reaction for this filing.
Span Divergent Limited's Board, at its meeting on February 25, 2026, approved extending a corporate guarantee of up to Rs. 5 Crores in favor of HDFC Bank Limited on behalf of its material subsidiary, Dryfruit Factory LLP. The guarantee is being issued to support credit facilities that the subsidiary plans to avail from HDFC Bank. The transaction is being done at arm's length, with no promoter or group company interest involved. The guarantee creates a contingent liability for the listed entity, which will be disclosed in its financial statements.
This is a contingent liability of Rs. 5 Crores — shareholders should note that if the subsidiary Dryfruit Factory LLP defaults on its HDFC Bank loan, Span Divergent will be liable to repay up to Rs. 5 Crores. The company states there is no immediate financial impact, but it does increase the group's overall debt exposure risk.