Key Quantitative Figures
The company has extended a corporate guarantee for an amount of ₹30 Crores (₹30,00,00,000) on behalf of its wholly owned subsidiary, Bheema Fine Chemicals Private Limited.
Dates of Action
The disclosure was made on June 03, 2026, with the digital signature timestamped at 20:47:03 +05'30' for the main letter and 20:47:20 +05'30' for the annexure.
Parties Involved
- Guarantor: Bhagiradha Chemicals and Industries Limited
- Beneficiary: Bheema Fine Chemicals Private Limited (Wholly Owned Subsidiary)
- Lender: ICICI Bank Limited
- Authorized Signatory: Mandala Sharanya, Company Secretary & Compliance Officer (M. No: F13842)
Purpose and Rationale
The corporate guarantee is being extended to secure credit limits sanctioned by ICICI Bank Limited to the wholly owned subsidiary company, specifically towards a Rupee Term Loan.
Financial Impact
The corporate guarantee will be shown as a contingent liability in the books of Bhagiradha Chemicals and Industries Limited. Besides this accounting treatment, there is no other impact of this guarantee on the company as of the disclosure date.
Transaction Details
The transaction is conducted on an arm's length basis. The promoter/promoter group of the company has no interest in this transaction. Bheema Fine Chemicals Private Limited is confirmed as a wholly owned subsidiary of Bhagiradha Chemicals and Industries Limited.
Capital Structure Impact
No impact on capital structure disclosed. The guarantee represents a contingent liability rather than a direct capital structure change.
Cash Flow Implications
No immediate cash flow implications disclosed. The guarantee represents a contingent obligation that would only affect cash flows if triggered by default events.