Archean Chemical Industries Limited — Others, 15-07-2025: Giving guarantees/indemnity/ becoming a surety for third party

Archean Chemical Industries Limited has issued a corporate guarantee of Rs. 35 crore to ICICI Bank on behalf of its wholly-owned subsidiary, Acume Chemicals Private Limited. This guarantee supports the subsidiary's working capital facilities. With this, Archean's total corporate guarantees for Acume Chemicals now stand at Rs. 202 crore. This action helps ensure the subsidiary's operational stability. While it forms a contingent liability on Archean's books, it's a typical move for a parent company backing its fully owned entity, highlighting its strategic support.