Piramal Pharma Limited — Others, 08-11-2024: Giving guarantees/indemnity/ becoming a surety for third party

Piramal Pharma Limited has issued a corporate guarantee of up to GBP 30 million to HSBC UK Bank and HSBC Invoice Finance on behalf of its wholly-owned subsidiary, Piramal Healthcare UK Limited. The transaction was conducted at arm's length, with no involvement from the promoter group. This guarantee represents a contingent liability for the company, with no immediate impact on its financial position.