Key Transaction Details
On July 23, 2026, the Company executed a Deed of Guarantee in favor of Bank Muscat SAOG to secure a Term Loan of US$ 78.43 million to be obtained by Deepak Oman Industries (SFZ) LLC ('DOIL'), a subsidiary company. The guarantee also covers interest and other charges on this loan.
Parties Involved
- Guarantor: Deepak Nitrite Limited
- Beneficiary: Bank Muscat SAOG
- Borrower: Deepak Oman Industries (SFZ) LLC, a company incorporated in Sultanate of Oman
Ownership Structure
Deepak Nitrite Limited presently holds 51% Equity Share Capital of DOIL. The remaining 49% Equity Share Capital of DOIL is held by Promoter/Promoter entities.
Transaction Nature
The transaction of providing Corporate Guarantee is done on an arm's length basis. The Company shall charge a Guarantee Commission from DOIL.
Financial Impact
The Guarantee provided by the Company will be a contingent liability of the Company to the extent of the Term Loan of US$ 78.43 million to be obtained by DOIL, plus interest and other charges thereon.