Rajshree Polypack Limited — Board Meeting, 20-01-2025: Outcome of Board Meeting

The Board has approved the issuance of a Corporate Guarantee for a Term loan facility amounting to Rs. 2 Cr (Rupees Two Crores) on behalf of its joint venture, Olive Ecopak Private Limited. This guarantee is in favor of Saraswat Co-Operative Bank Ltd. The transaction involves directors from the company and Olive Ecopak and is confirmed to be at arm's length. If default occurs on the loan repayment, the company's liability will not exceed Rs. 2 Cr. This strategic support could enhance the joint venture's financial positioning.