Transaction 1: Guarantee for Company's Term Loan
- Guarantors: JMK Holdings Limited, Signature Infrabuild Limited, Sternal Buildcon Limited, and Forever Buildtech Limited (all wholly-owned subsidiaries)
- Beneficiary: Vistra ITCL (India) Limited, acting as trustee on behalf of IndusInd Bank Limited
- Purpose: To secure a Rupee Term Loan facility of up to ₹150 crores availed by Signatureglobal (India) Limited (the parent company)
- Guarantee Terms: Unconditional, absolute, irrevocable, and continuing in nature, covering repayment of all amounts due under the facility agreement
- Impact: The corporate guarantee represents a contingent liability for the guarantor subsidiaries. There is no direct impact on the parent company.
Transaction 2: Guarantee for Subsidiary's Term Loan
- Guarantors: JMK Holdings Limited, Signature Infrabuild Limited, and Sternal Buildcon Limited (wholly-owned subsidiaries)
- Beneficiary: Vistra ITCL (India) Limited, acting as trustee on behalf of IndusInd Bank Limited
- Purpose: To secure a Rupee Term Loan facility of up to ₹250 crores availed by Forever Buildtech Limited (wholly-owned subsidiary)
- Guarantee Terms: Unconditional, absolute, irrevocable, and continuing in nature, covering repayment of all amounts due under the facility agreement
- Impact: The corporate guarantee represents a contingent liability for the guarantor subsidiaries. There is no direct impact on the parent company.
Transaction 3: Guarantee for Existing Facilities
- Guarantor: Forever Buildtech Limited (wholly-owned subsidiary)
- Beneficiary: Vistra ITCL (India) Limited, acting as trustee on behalf of IndusInd Bank Limited
- Purpose: To secure existing facilities up to ₹398.3 crores availed by:
- Signatureglobal (India) Limited: ₹296 crores
- Signatureglobal Homes Limited: ₹38.5 crores
- Signatureglobal Developers Limited: ₹50.6 crores
- Signatureglobal Business Park Limited: ₹13.2 crores
(All borrowing entities are wholly-owned subsidiaries of the company)
- Guarantee Terms: Unconditional, absolute, irrevocable, and continuing in nature, covering repayment of all amounts due under the facility agreement
- Impact: The corporate guarantee represents a contingent liability for the guarantor subsidiary. There is no direct impact on the parent company.
Ownership and Transaction Details
All guarantor entities are wholly-owned subsidiaries of Signatureglobal (India) Limited. The promoters and promoter group do not have any interest in these transactions. The transactions are conducted at arm's length.
Total Guarantee Exposure
The three transactions collectively represent corporate guarantees securing facilities totaling ₹798.3 crores (₹150 crores + ₹250 crores + ₹398.3 crores).