Rajshree Polypack Limited — Important, 27-02-2025: Updates

The Executive Committee of the Company has approved a Corporate Guarantee in favor of Saraswat Co-Operative Bank Ltd for a term loan and cash credit facility of Rs. 4 Cr (Rupees Four Crores) to Olive Ecopak Private Limited, the company's joint venture. Notably, this transaction involves individuals from the promoter group, including Mr. Ramswaroop Radheshyam Thard and Mr. Rajesh Satyanarayan Murarka, confirming it was conducted at arm's length. If the joint venture defaults on the loan, Rajshree Polypack Limited may be liable for up to Rs. 4 Cr, posing a potential risk to financial health. Watching this development closely could provide insights into the company's strategic direction and risk management.