Avi Ansh Textile Limited — Others, 27-02-2025: Giving guarantees/indemnity/ becoming a surety for third party

The Board has approved the issuance of a corporate guarantee of ₹179.27 crore for Avi Ansh Enterprises Private Limited to secure loan facilities from IndusInd Bank. This guarantee is subject to member approval and is executed at arm's length, with common directorship and shareholding between the entities involved.

This move may strengthen Avi Ansh Enterprises' financial posture, facilitating better loan terms and enhancing overall liquidity. Investors may view this positively as it suggests confidence in group operations, although potential risks regarding contingent liabilities should be noted.