Unihealth Hospitals Limited — Others, 26-08-2025: Giving guarantees/indemnity/ becoming a surety for third party

Unihealth Hospitals' board has approved a corporate guarantee and/or security for Rs 24 Crore in favor of Bank of India. This guarantee supports credit facilities for UMC Hospitals Private Limited, a Unihealth subsidiary. Should the subsidiary default, Unihealth could become liable for up to 24 Cr. This move aids the subsidiary's funding, noting two Unihealth directors also have interests in UMC Hospitals. The company states this transaction is on an arm's length basis, impacting Unihealth's potential financial exposure.