Board Meeting27 Oct 2026, 01:45 pm
Caliber Mining Approves ₹200 Cr Guarantees for Subsidiaries
AI Summary
Caliber Mining and Logistics Limited's Board of Directors has approved corporate guarantees for its wholly-owned subsidiaries, Caliber Natural Resources Private Limited (CNRPL) and Caliber Mines and Minerals Private Limited (CMMPL). The company will provide guarantees up to an aggregate outstanding amount of ₹100 Crore for each subsidiary, and ₹200 Crore combined, until March 31, 2027. A specific guarantee of up to ₹20 Crore has been approved for CNRPL in favor of HDFC Bank Limited for a vehicle/equipment loan. The transaction is at arm's length, with certain directors of the company also serving as directors in the subsidiaries. The Audit Committee recommended the approval.
Key Highlights
- Board approved corporate guarantees for two wholly-owned subsidiaries.
- Total guarantee limit set at ₹200 Crore for both subsidiaries combined.
- Specific ₹20 Crore guarantee for CNRPL towards HDFC Bank loan.
- Guarantees are for loans and credit facilities until March 31, 2027.
- Transaction deemed at arm's length, recommended by Audit Committee.
Price Impact
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