Antony Waste Subsidiary Gets ₹9.88 Cr Corporate Guarantee

Antony Waste Handling Cell Ltd has issued a corporate guarantee on behalf of its subsidiary, Mumbai Eco Solutions Private Limited, in favor of Bajaj Finance Limited. This guarantee secures credit facilities availed by the subsidiary, up to 51% of the total principal sum of ₹9,88,75,000 Crore (₹9.88 Crore). The guarantee is continuing, irrevocable, and unconditional, with the company's liability capped at 51% of the outstanding amount. This action introduces a contingent liability for Antony Waste, impacting its balance sheet only if the subsidiary defaults on its repayment obligations.