
Loan & Debt10 Nov 2026, 01:54 pm
Hirect Ltd Issues Corporate Guarantee of 2 Million EURO to Subsidiary
AI Summary
Hirect Ltd's Board of Directors has approved the issuance of a corporate guarantee or standby letter of credit up to 2 Million EURO in favor of its subsidiary, Elventive France. This transaction is on an arm's length basis, though Elventive France is a related party with promoter group entities holding a 34% stake. The guarantee represents a potential contingent liability for Hirect Ltd, with no immediate impact. The board also approved un-audited financial results for Q2 FY27 and appointed Bigshare Services Pvt. Ltd. as the new Registrar and Share Transfer Agent.
Key Highlights
- Corporate guarantee of up to 2 Million EURO approved for subsidiary Elventive France.
- Transaction is on an arm's length basis, despite related party status.
- Guarantee constitutes a potential contingent liability for Hirect Ltd.
- New Registrar and Share Transfer Agent, Bigshare Services, appointed.
- Unaudited financial results for Q2 FY27 were also approved.
Price Impact
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