Agribio Spirits Ltd — Important, 30-08-2025: Company Update
30-08-2025 | 05:44 pm
30-08-2025 | 05:44 pm
Agribio Spirits Limited has provided a Corporate Guarantee for its associate company, Agribiotech Industries Limited. This guarantee enables Agribiotech to enhance its working capital facility with Punjab National Bank, increasing it from Rs. 25 Crore to Rs. 45 Crore. Although promoters of Agribio Spirits have interests in the associate, the transaction is conducted at arm's length. For Agribio Spirits, this guarantee is noted as a contingent liability in its financial statements, with no immediate operational impact, supporting the associate's funding requirements.
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