Alpha Tribe

Rajshree Polypack LimitedBoard Meeting, 05-04-2025: Outcome of Board Meeting

05-04-2025 · 06:12 pm

The Board has announced a meeting where it approved the issuance of a Corporate Guarantee for a term loan facility of ₹17 Cr on behalf of its joint venture, Olive Ecopak Private Limited, in favor of SVC Co-Operative Bank Ltd. This approval indicates a commitment to support the joint venture financially. The guarantee may expose the company to a potential liability equal to the loan amount if the joint venture defaults.

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