Jaykay Enterprises Enhances Guarantee for Subsidiary to ₹56.27 Cr

Jaykay Enterprises Ltd has announced an enhancement of its corporate guarantee for Allen Reinforced Plastics Limited, a step-down subsidiary. The guarantee amount has been increased from ₹29.22 crore to ₹56.27 crore to secure enhanced credit facilities availed by Allen from State Bank of India. This enhancement is an extension of a previous guarantee issued on September 2, 2024. The agreement was executed on July 20, 2026. The company stated that the transaction is on an arm's length basis and that its promoters/group companies have no interest in it. The enhanced corporate guarantee will be treated as a contingent liability for Jaykay Enterprises Ltd.