Announced Tue, 6 Oct, 2026 · 17:26 IST
VR Infraspace issues 14.35 Crore corporate guarantee for subsidiary Daxon Realty
VR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
VR Infraspace has issued a corporate guarantee of INR 14.35 Crore in favour of Indian Bank for loan facilities availed by its subsidiary Daxon Realty Limited. Promoter group member Bhavesh Sojitra is a director at Daxon Realty. The guarantee is on an arm's length basis. The company states the guarantee is a contingent liability but has no financial impact as Daxon Realty is consolidated with VR Infraspace.
Likely market impact
Contingent liability of 14.35 Crore. Subsidiary debt, absorbed in consolidation. Could weigh on stock if subsidiary defaults.