Vandan Foods Extends INR 17.85 Crore Corporate Guarantee

Relationship with Pharmearth Private Limited

The directors and shareholders of Pharmearth Private Limited, Mr. Rajul Gajjar and Mr. Sanjay Chauhan, each hold 35,200 equity shares in Vandan Foods Limited. This aggregate holding represents approximately 0.84% of the total paid-up equity share capital of Vandan Foods Limited. Pharmearth Private Limited is explicitly stated to be neither a related party of Vandan Foods Limited nor part of the Promoter or Promoter Group.

Corporate Guarantee Details

• Guarantee Recipient: Pharmearth Private Limited (Borrower)
• Financial Institution: Bank of India
• Guarantee Amount: Up to INR 17.85 Crores
• Transaction Nature: The corporate guarantee has been provided on an arm's length basis
• Regulatory Compliance: The transaction complies with applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations

Promoter/Promoter Group Interest

The promoter/promoter group of Vandan Foods Limited does not have any interest in this transaction.

Financial Impact

The corporate guarantee provided represents a contingent liability for Vandan Foods Limited. The company explicitly states that "at this point, there is no impact of this guarantee on the Company."

Additional Information

The disclosure includes Annexure I with the required details as specified under Regulation 30 of the SEBI Listing Regulations.