Krishival Foods Guarantees ₹15 Cr for Subsidiary's Deep Freezer Lease

Krishival Foods Limited's Board of Directors has approved providing a corporate guarantee of up to ₹15,00,00,000 (Rupees Fifteen Crore only) to NBFCs/Financial Institutions. This guarantee is for lease buy-back facilities to be availed by its subsidiary, Melt N Mellow Foods Private Limited, for the leasing of deep freezers. The transaction is aimed at supporting the subsidiary's business expansion and operational requirements. Melt N Mellow Foods Private Limited, acquired in September 2024, operates in the ice cream, milk products, and bakery products sector. The transaction has been classified as a Related Party Transaction due to a promoter director's interest in the subsidiary.