BirlaNu Limited — Others, 14-08-2025: Giving guarantees/indemnity/ becoming a surety for third party

BirlaNu Limited has issued a corporate guarantee of Rs. 10 crore to ICICI Bank Limited for its step-down subsidiary, Aditya Polytechnic Private Limited. This guarantee is to ensure compliance with the subsidiary's loan covenants and working capital facilities. While supporting the subsidiary's borrowing arrangements, this action creates a contingent liability for BirlaNu. Should the subsidiary default on its obligations, BirlaNu will be responsible for the guaranteed amount, potentially impacting the company's financial position.