ALPHA TRIBE

Anupam Rasayan India LimitedOthers, 30-07-2025: Giving guarantees/indemnity/ becoming a surety for third party

30-07-2025 | 06:27 pm

Anupam Rasayan India's board has approved providing a corporate guarantee for its wholly-owned subsidiary, Anupam General Trading FZE. This guarantee, for USD 17 Million, is in favor of Export-Import Bank of India to secure a credit facility. The facility is a buyer's credit for one year, renewable annually, intended to partly fund the subsidiary's import of chemicals and related products from India. This creates a contingent liability for Anupam Rasayan, meaning the company would be responsible if its subsidiary is unable to repay the Exim Bank. This move supports the subsidiary's operational funding.

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