Piramal Pharma Limited — Others, 29-01-2025: Giving guarantees/indemnity/ becoming a surety for third party

Piramal Pharma Limited has announced a board meeting to discuss the issuance of a corporate guarantee for up to GBP 8 million in favor of HSBC UK Bank plc, securing financing for its wholly-owned subsidiary, Piramal Critical Care Limited. This guarantee represents a contingent liability but currently has no impact on the company's financial position. The transaction was executed at arm's length, with no involvement from the promoter group. This move could enhance the subsidiary’s financial flexibility, potentially fostering growth while maintaining a neutral impact on investor sentiment in the short term.