Rajshree Polypack Limited — Others, 27-02-2025: Giving guarantees/indemnity/ becoming a surety for third party

Rajshree Polypack Limited has announced a board meeting where the Executive Committee approved a Corporate Guarantee for Rs. 4 Cr (Rupees Four Crores) in favor of Saraswat Co-operative Bank Ltd. This guarantee supports a term loan and cash credit facility for Olive Ecopak Private Limited, the company's joint venture. Prominent directors of Rajshree Polypack have interests in this transaction, which is confirmed to be at arm’s length. This move highlights the company's commitment to its JV and could enhance investor sentiment, although it poses a potential risk if Olive Ecopak defaults on the loan.