Jindal Worldwide Limited — Others, 29-05-2025: Giving guarantees/indemnity/ becoming a surety for third party

Jindal Worldwide Limited has announced a board meeting to approve a corporate guarantee of Rs. 50 Cr to Aegios Polyfilms Private Limited for a term loan from PNB Investment Services Limited. With a common director between the companies, the guarantee is at arm’s length and will be recorded as a contingent liability on Jindal Worldwide’s books. This support enhances Aegios Polyfilms’ credit access while potentially affecting Jindal Worldwide’s risk exposure, signaling financial backing of its associate.