Key Quantitative Figures
The company has issued a corporate guarantee for ₹62 Crores (INR 62,00,00,000).
Dates of Action
The corporate guarantee was given on August 24, 2026. The document was signed and submitted on the same date (August 24, 2026 at 17:36:43 +05'30').
Parties Involved
- Guarantor: Senores Pharmaceuticals Limited (listed entity)
- Beneficiary: ICICI Bank Limited
- Borrower: Apnar Pharma Private Limited (subsidiary of Senores Pharmaceuticals Limited)
Purpose and Rationale
The corporate guarantee was issued to secure credit facilities sanctioned by ICICI Bank Limited to Apnar Pharma Private Limited, the subsidiary company.
Promoter/Group Interest
The promoters and promoter group have interest to the extent of their directorship in Apnar Pharma Private Limited. The corporate guarantee extended is confirmed to be at arm's length.
Terms and Conditions
The corporate guarantee of ₹62 Crores is valid until the closure of the credit facilities availed by Apnar Pharma Private Limited from ICICI Bank Limited.
Financial Impact
At this point, there is no impact of this guarantee on the company other than disclosure in the financial statements as a Contingent Liability. Financial impact not quantified beyond the contingent liability recognition.