Antony Waste Subsidiary Gets ₹20 Cr Corporate Guarantee

Antony Waste Handling Cell Ltd has issued a corporate guarantee for its subsidiary, Mumbai Eco Solutions Private Limited. The guarantee is in favor of Kotak Mahindra Bank Limited and covers credit facilities up to ₹20 crore for the subsidiary. The company stated that the promoter/promoter group/group companies have no interest in this transaction, and it is conducted at arm's length. The guarantee represents a contingent liability for Antony Waste, impacting it only if the subsidiary fails to meet its repayment obligations.