BirlaNu Limited — Board Meeting, 25-03-2025: Outcome of Board Meeting

BirlaNu Limited's Board of Directors has announced a board meeting outcome, approving a Corporate Guarantee for Axis Bank Limited. The guarantee amounts to ₹44.50 crore for Crestia Polytech Private Limited, its wholly-owned subsidiary, and ₹18.53 crore for Prabhu Sainath Polymers Private Limited, a step-down subsidiary. This action ensures compliance with loan covenants related to existing borrowings and working capital facilities. The approved guarantees will be recorded as contingent liabilities for the company, indicating potential financial implications if defaults occur.