Pharmaids Pharmaceuticals Ltd — Important, 13-06-2026: Company Update
13-06-2026 | 10:10 am
13-06-2026 | 10:10 am
Pharmaids Pharmaceuticals has provided a Corporate Guarantee of Rs 0.55 Cr to State Bank of India on behalf of its unlisted material subsidiary, Adita Bio Sys Private Limited. This guarantee secures a new loan facility for the subsidiary under the Emergency Credit Line Guarantee Scheme 5.0, an initiative by the Government of India, for which the Board had approved a guarantee up to Rs 0.75 Cr. This action creates a contingent liability for the Company, supporting its subsidiary's financing within the consolidated group, with no promoter interest in the transaction.
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