Antony Waste Handling Cell Limited — Others, 11-08-2025: Giving guarantees/indemnity/ becoming a surety for third party
11-08-2025 | 05:20 pm
11-08-2025 | 05:20 pm
Antony Waste Handling Cell Limited (AWHCL) has provided a corporate guarantee of ₹ 17 Crore to The Federal Bank Limited for its material subsidiary, Antony Lara Enviro Solutions Private Limited. This guarantee supports the subsidiary in accessing credit facilities. For AWHCL, this means a contingent liability, as the company would be responsible if the subsidiary cannot meet its repayment obligations. This move enables the subsidiary's operations while posing a potential, albeit not immediate, financial commitment for the parent company.
No comments yet. Be the first to comment!
