Arihant Foundations Issues Corporate Guarantee for Canopy Living LLP's Term Loan Facility

Arihant Foundations & Housing Ltd. has approved the issuance of a Corporate Guarantee towards the Term Loan Facility being availed by Canopy Living LLP, a joint venture of the Company. The guarantee is for up to INR 250 crores. The promoter/ promoter group do not have any interest in this transaction, and the guarantee has been provided on an arm’s length basis. The corporate guarantee is a contingent liability for the Company, but at this point, there is no impact of this guarantee on the Company.