Continental Petroleums Ltd — Important, 31-10-2025: Company Update

Continental Petroleums' Board has granted a corporate guarantee to ICICI Bank, supporting credit facilities for its subsidiary, Magnus Asia Private Limited. This action enables the subsidiary to secure working capital limits totaling Rs. 9.90 Cr and derivative facilities amounting to Rs. 0.10 Cr, vital for its operational requirements. The company confirms this transaction is part of its normal business operations. While it introduces a contingent liability for Continental Petroleums, the company anticipates no material financial impact, effectively strengthening its subsidiary's financial position.