Key Quantitative Figures
The corporate guarantee has been issued for credit facilities totaling ₹9,88,75,000 (Rupees Nine Crore Eighty-Eight Lakh Seventy-Five Thousand Only). Antony Waste Handling Cell Limited's liability under this guarantee is limited to 51% of the outstanding amount under these facilities.
Parties Involved
- Guarantor: Antony Waste Handling Cell Limited
- Borrower: Mumbai Eco Solutions Private Limited (subsidiary company)
- Lender: Bajaj Finance Limited
Purpose/Rationale
The corporate guarantee is being issued to secure the due repayment and fulfillment of obligations of Mumbai Eco Solutions Private Limited in respect of credit facilities sanctioned by Bajaj Finance Limited.
Transaction Details
- The guarantee is continuing, irrevocable, and unconditional in nature
- The company's liability is co-extensive with that of the borrower
- The guarantee can be invoked upon occurrence of an event of default under the facility documents
- It remains valid until full repayment, discharge and satisfaction of all obligations
- The transaction is at arm's length
- Promoter/promoter group/group companies have no interest in this transaction
Financial Impact
The corporate guarantee constitutes a contingent liability for Antony Waste Handling Cell Limited. There is no immediate impact on the company, except to the extent of the guaranteed amount (51% of ₹9.88 crore) in the event Mumbai Eco Solutions Private Limited is unable to meet its repayment obligations.
Effective Date
The disclosure was made on October 08, 2026, signed by Harshada Pradeep Rane, Company Secretary & Compliance Officer (ACS Membership No. A34268).