Antony Waste Subsidiary Gets ₹97.79 Cr Corporate Guarantee

Antony Waste Handling Cell Ltd has issued a corporate guarantee for ₹97.79 Crores (₹9,77,95,000) on behalf of its subsidiary, Mumbai Eco Solutions Private Limited. This guarantee is in favor of Kotak Mahindra Bank Limited and secures credit facilities availed by the subsidiary. Antony Waste's liability is capped at 51% of the outstanding amount. The guarantee is a continuing, irrevocable, and unconditional commitment. While there is no immediate impact, it represents a contingent liability for Antony Waste, which could be triggered if the subsidiary defaults on its repayment obligations.