Anik Industries Limited — Others, 21-03-2025: Giving guarantees/indemnity/ becoming a surety for third party

Anik Industries has announced a board meeting to provide a corporate guarantee for credit facilities of ₹89.41 crore to its material subsidiary, Revera Milk & Foods Pvt Ltd, from State Bank of India. This corporate guarantee, linked to RMFPL's real estate project "One Victoria" in Kolkata, will create a contingent liability for Anik Industries reflecting the extent of the facility availed. This move could positively impact investor sentiment by reinforcing the company’s support for its subsidiary's growth initiatives while highlighting a manageable risk tied to the guarantee.