Oval Projects Engineering Ltd. issued a corporate guarantee of ₹8.83 crore to Punjab National Bank for promoter group company Oval Fresh Private Limited.
The guarantee serves as security for credit facilities including term loan, cash credit facility, and bank guarantee sanctioned to the borrower.
This transaction represents a contingent liability for the company with no immediate financial impact as disclosed in the SEBI Regulation 30 filing.
The disclosure was made pursuant to SEBI Listing Regulations and Master Circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.