S.P. Apparels Issues Rs. 27.96 Cr Corporate Guarantee for Associate

S.P. Apparels issued a corporate guarantee of ₹27.96 crore to HSBC, securing a term loan for its associate company, Jumeirah Lanka.
The guarantee, disclosed under SEBI Regulation 30, is for a term loan facility and will be recorded as a contingent liability.
The transaction involves a related party, as the company's Chairman & MD holds a directorship in the associate company.