AGM/EGM11 Sept 2026, 02:46 pm
Garware Marine EGM: Approves ₹50 Cr Guarantee for Subsidiary
AI Summary
Garware Marine Industries Ltd announced an Extra Ordinary General Meeting (EGM) to approve a corporate guarantee of up to ₹50 Crores for Garware Offshore Services Limited (GOSL). This supersedes the previous limit of ₹40 Crores. The guarantee will support GOSL's loan for business expansion and will include a commission of up to 0.75% per annum plus GST. The EGM also addressed material related party transactions concerning this guarantee.
Key Highlights
- EGM scheduled for October 7, 2026, via VC.
- To approve corporate guarantee of up to ₹50 Cr for subsidiary GOSL.
- Supersedes previous limit of ₹40 Cr.
- Guarantee to fund GOSL's business expansion.
- Includes commission of up to 0.75% p.a. plus GST.
Price Impact
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