ALPHA TRIBE

Agribio Spirits LtdImportant, 24-12-2025: Company Update

24-12-2025 | 04:14 pm

Agribio Spirits Limited has extended a corporate guarantee of Rs. 70.00 Crore for the Cash Credit facilities availed by Agribiotech Industries Limited, an associate company. This guarantee, provided to a consortium of banks led by Punjab National Bank, means Agribio Spirits takes on responsibility for this debt if the associate company defaults. While there is no immediate financial impact, this creates a contingent liability for Agribio Spirits, potentially affecting its financials should Agribiotech Industries Limited fail to meet its repayment obligations. Promoters of Agribio Spirits also have interests in Agribiotech Industries.

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