Deepak Nitrite Limited — Others, 23-10-2024: Giving guarantees/indemnity/ becoming a surety for third party

Deepak Nitrite Limited has executed a Deed of Guarantee to secure a US $49 million term loan for its subsidiary, Deepak Oman Industries SFZ LLC (DOIL), from the Export Import Bank of India. The company holds a 51% equity stake in DOIL, and the transaction is conducted at arm's length. This guarantee will represent a contingent liability for Deepak Nitrite Limited, covering the loan, interest, and additional charges.