Loan & Debt2 Jul 2026, 04:40 pm
Dreamfolks Guarantees ₹2.5 Cr Facility for Ten 11 Hospitality
AI Summary
Dreamfolks Services Ltd announced board approval for a corporate guarantee and security for a ₹2.5 crore overdraft facility for Ten 11 Hospitality Private Limited. The facility is secured by a ₹1 crore fixed deposit from Dreamfolks. The guarantee is for an initial period of one year with auto-renewal. This arrangement constitutes a contingent liability and is not expected to have an immediate cash outflow or material impact on Dreamfolks' financial position, barring temporary restriction on the fixed deposit.
Key Highlights
- Dreamfolks provides corporate guarantee for ₹2.5 Cr facility.
- Ten 11 Hospitality is the beneficiary of the overdraft facility.
- ₹1 Cr fixed deposit serves as collateral.
- Arrangement is a contingent liability with no immediate cash outflow.
- No material impact expected on Dreamfolks' financials.
Price Impact
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