ALPHA TRIBE

Sudarshan Chemical Industries LimitedBoard Meeting, 27-02-2025: Outcome of Board Meeting

27-02-2025 | 02:02 pm

The Board of Sudarshan Chemical Industries has approved several Corporate Guarantees in support of its wholly-owned subsidiary, Sudarshan Europe B.V. This includes a guarantee of approximately ₹320 Cr to Infraserv GmbH for an amount not exceeding EURO 33.5 Million, and another guarantee of about ₹66 Cr for banks related to a EURO 7.15 Million facility. Additionally, a guarantee for approximately ₹1,762 Cr has been approved for Standard Chartered Bank, increasing the limit by ₹160 Cr. These guarantees will be recorded as contingent liabilities in the company's standalone financial statements.

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