Centrum Capital Limited — Others, 16-05-2025: Giving guarantees/indemnity/ becoming a surety for third party

Centrum Capital Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has issued a corporate guarantee of Rs. 50 Cr in favor of Canara Bank to support credit facilities availed by its subsidiary, Centrum Housing Finance Limited. This guarantee creates a contingent liability without immediate financial impact on Centrum Capital. The absence of promoter group interest highlights an independent support to the subsidiary, potentially strengthening its borrowing capacity and aiding business growth.