ALPHA TRIBE

Soma Papers & Industries LtdImportant, 25-12-2025: Company Update

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.

No comments yet. Be the first to comment!

All announcements from Soma Papers & Industries Ltd