July 20, 2026
Transaction Details
Jaykay Enterprises Limited has enhanced its corporate guarantee issued in favor of State Bank of India to secure enhanced credit facilities availed by Allen Reinforced Plastics Limited (formerly Allen Reinforced Plastics Private Limited), which is a step-down subsidiary of the company.
Quantitative Figures
The corporate guarantee has been enhanced from an amount not exceeding ₹29,22,00,000 (Twenty-Nine Crore Twenty-Two Lakh) to an amount not exceeding ₹56,27,00,000 (Fifty-Six Crore Twenty-Seven Lakh).
Dates and Execution
The agreement for the enhanced corporate guarantee was executed on July 20, 2026. This enhancement follows a previous intimation dated September 02, 2024 regarding the original guarantee.
Parties Involved
- Guarantor: Jaykay Enterprises Limited
- Beneficiary: State Bank of India
- Borrower: Allen Reinforced Plastics Limited (step-down subsidiary)
Transaction Nature and Relationship
The disclosure confirms that Promoter/Promoter Group/Group Companies do not have any interest in this transaction. The corporate guarantee has been issued on an arm's length basis.
Financial Impact
The enhanced corporate guarantee shall be treated as a contingent liability of Jaykay Enterprises Limited.