Key Transaction Details

  • United Foodbrands Limited has provided a bank guarantee in the form of a Stand-by Letter of Credit (SBLC) amounting to ₹17,00,00,000 (Seventeen Crore Rupees) or its equivalent
  • The guarantee was issued through ICICI Bank Limited, Bengaluru Branch
  • The guarantee supports a Foreign Currency Term Loan (FCTL) availed by Barbeque Nation Restaurant LLC, a wholly owned step-down subsidiary of the Company
  • The guarantee shall be issued in one or more tranches, in line with the drawdown of the FCTL by the subsidiary

Loan Details Supported by Guarantee

  • Lender: ICICI Bank Limited, IFSC Banking Unit at GIFT City, Gandhinagar
  • Loan Amount: ₹15,00,00,000 (Fifteen Crore Rupees) or its equivalent in foreign currency
  • Borrower: Barbeque Nation Restaurant LLC (wholly owned step-down subsidiary)

Transaction Structure and Compliance

  • The promoters/promoter group do not have any interest in this transaction
  • The guarantee provided by the Company is on arm's length basis
  • Compliance with applicable provisions of the Companies Act, 2013 and rules made thereunder confirmed
  • Compliance with other applicable laws confirmed

Financial Impact Assessment

  • The issue of Bank Guarantee in the form of SBLC is classified as a contingent liability for the Company
  • At this point, there is no immediate impact of this guarantee on the Company's financial position
  • Financial impact not quantified beyond the contingent liability classification

Additional Information

  • This intimation is available on the Company's website at www.unitedfoodbrands.in under the Investors section
  • Document signed by Nagamani Chikkondihalli Yekambareswara, Company Secretary & Compliance Officer (Membership No.: A27475)
  • Digital signature timestamp: September 11, 2026 at 21:00:36 IST