Nurture Well Industries Issues ₹25 Cr Corporate Guarantee for Subsidiary

Nurture Well Industries Ltd has issued a corporate guarantee of ₹25 crores to Punjab & Sind Bank. This guarantee serves as security for a loan facility availed by Nurture Well Foods Limited, a material subsidiary of Nurture Well Industries. The company stated that there is no immediate impact on Nurture Well Industries, except for the contingent liability in case the subsidiary defaults on its repayment obligations. The transaction is reported to be at arm's length, with no interest from promoters or group companies.