ALPHA TRIBE

Sayaji Hotels LtdImportant, 25-06-2026: Company Update

25-06-2026 | 06:58 pm

Sayaji Hotels' board approved issuing a Corporate Guarantee of Rs. 50 crore to Axis Bank Limited. This guarantee supports a loan taken by VICON Imperial (I) Private Limited, a group company with promoter shareholding. While the transaction is at arm's length, this guarantee creates a contingent liability for Sayaji Hotels. Shareholders should note this financial commitment, although currently, there is no direct impact on the company's operations.

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