Radiant Cash Management Services Limited — Others, 19-02-2025: Giving guarantees/indemnity/ becoming a surety for third party

Radiant Cash Management Services Limited has announced a board meeting to discuss the issuance of a Corporate Guarantee, dated 19 February 2025, for ₹30 crore to secure credit facilities for its subsidiary, Aceware Fintech Services Private Limited, from Bajaj Finance Limited.

This guarantee will be recorded as a contingent liability in the standalone financial statements and will reflect as a borrowing in the consolidated financials of the company. The strategic move aims to bolster the subsidiary's financial position, potentially improving operational capabilities and creditworthiness. Investors may view this as a positive outlook for growth and stability, although it does introduce some contingent liability risk.