Cyber Media (India) Limited — Important, 04-01-2025: Agreements

Cyber Media (India) Limited has extended a corporate guarantee amounting to Rs. 10 Crore in favor of Karur Vysya Bank Limited for a loan secured by its subsidiary, Cyber Media Research & Services Limited. This guarantee is backed by a mortgage on Cyber Media's property, 'Cyber House,' located in Gurugram. Notably, members of the promoter group, including Mr. Pradeep Gupta and Mr. Dhaval Gupta, hold positions in both the company and the subsidiary, ensuring that the transaction is conducted at arm's length. The impact on the listed entity appears limited to a contingent liability disclosure in its financial statements. This move reflects the company’s strategic support for its subsidiary while keeping a significant financial commitment within its control. Investors should keep an eye on the subsidiary's performance, as it may influence the parent company's outlook.