Insecticides (India) Limited — Others, 27-02-2025: Giving guarantees/indemnity/ becoming a surety for third party

Insecticides India Limited has issued a Letter of Comfort to ICICI Bank for a working capital facility of up to ₹52 crores for its wholly-owned subsidiary, Kaeros Research Private Limited. This support ensures that if Kaeros defaults on its payment obligations, the company will cover the losses incurred by ICICI. Currently, this arrangement poses no immediate financial impact on Insecticides India, aside from a disclosure as a contingent liability in financial statements. Investor sentiment may remain stable, with a neutral impact given the lack of direct financial risk to the parent company.