Soma Papers & Industries Ltd — Important, 25-12-2025: Company Update
25-12-2025 | 04:50 pm
25-12-2025 | 04:50 pm
Soma Papers and Industries Limited has issued a corporate guarantee of up to INR 95 crore to City Union Bank. This guarantee is for credit facilities availed by its wholly-owned subsidiary, KS Smart Solutions Private Limited. The corporate guarantee establishes a contingent liability for Soma Papers, meaning the company would be responsible for up to the guaranteed amount if its subsidiary fails to meet its repayment obligations to the bank.
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