SWAN CORP LIMITED has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
SWANCORP · price
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On 27th March 2026, Swan Corp Limited issued a corporate guarantee of Rs. 72.57 crores on behalf of its subsidiary, Swan LNG Private Limited (SLPL). The guarantee is meant to secure SLPL's repayment obligations, likely tied to a loan or financial facility. The company clarified that promoters and promoter group companies have no direct interest in this transaction, except through their shareholding in SLPL as a subsidiary. Swan Corp stated there is no immediate pecuniary impact on itself from issuing this guarantee. The disclosure was made under Regulation 30 of the SEBI Listing Regulations, 2015.
This creates a contingent liability of Rs. 72.57 crores for Swan Corp — if SLPL defaults on its obligations, the parent will have to step in and pay. While common for parent-subsidiary support and currently having no immediate financial hit, it does increase Swan Corp's off-balance-sheet exposure tied to its LNG subsidiary.