Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
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W.H. Brady & Company Ltd has issued a Corporate Guarantee and pledged its Fixed Deposit (FDR) as security to help Brady Entertainment Pvt. Ltd. and/or N. Chandra Production obtain Bank Guarantees from Bank of Baroda worth Rs. 4.60 Crores. Brady Entertainment is a group company of W.H. Brady, and promoters Pavan G. Morarka and Vaibhav Morarka also have an interest in the transaction, which the company states was done at arm's length. The guarantee is treated as a contingent liability for the company. No other operational or financial impact has been disclosed.
Shareholders should note this creates a contingent liability of Rs. 4.60 Crores for a related party, which could become a real obligation if Brady Entertainment defaults. While the company confirms arm's length terms, such related-party guarantees warrant close monitoring.